USD/JPY: We are waiting for the development of the rollback movement

usd jpy zhdem razvitiya otkatnogo dvizheniya 1

USD/JPY: We are waiting for the development of the rollback movement

USD/JPY: ждем развития откатного движения

Four-hour chart USD/JPY. The currency pair tried to continue moving upwards, but met a strong resistance near the level of 109.38 (8/8). Now the trades are held in the area of intermediate support level 108.59 (6/8). After a small correction movement, we can expect the movement to resume and break the support at (6/8). The goal is the area formed by the lines of weekly and daily super trends. This option will be cancelled after the price fixation above the four-hour super trend line, which turned from support into resistance for the price.