Thursday, June 25, 2015

Technical Outlook for USD/JPY 25-6-2015

Technical Outlook for USD/JPY 25-6-2015
Technical Outlook for USD/JPY 25-6-2015

Usd/Jpy pair moved yesterday in the average price movement of 65 PIPs, it recorded the highest level at 124.37 and the lowest levels at 123.71 levels and closed at 123.90 around the same opining price According to positive economic data from USA

The pair opened today at 123.90 oscillatory between the 123.70 and 123.96 levels during the Asian session in a trading average of 26 pips for the limitation of the market liquidity.

And we saw yesterday the pair traded close to our target at 124.60

It is expected that the pair Usd against the Jpy will go to targeted level at 124.30 in the next few hours.

And today at 13:30 we are looking for Unemployment Claims from USA.

And the Relative Strength Indicator "RSI" show us accumulation operations at the market and the control of Bulls on the market

Medium term trend: up

Support levels: 123.61 and 123.33 and 122.95

Resistance levels: 124.27 and 124.65 and 124.93

For More Technical Outlook FxStations


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