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| Technical Outlook For USD-JPY 7-7-2015 |
Usd/Jpy pair moved yesterday in the average price movement of 105 PIPs, it recorded the highest level at 122.93 and the lowest levels at 121.87 levels and closed at 122.57 to Gain 54 pips According to yesterday’s economic data to close the Gap over.
The pair opened today at 122.57 oscillatory between the 122.52 and the 122.80 levels during the Asian session in a trading average of 28 pips for the limitation of the market liquidity.
The pair is trading below the trend line so it is expected to make new lows.
It is expected that the pair Usd against the Jpy will go to targeted level at 121.90 in the next few hours.
And the Relative Strength Indicator "RSI" show us accumulation operations at the market and the control of Bulls on the market
Today at 12:30 we are looking for Trade Balance from USA
Medium term trend: Down
Support levels: 121.98 and 121.39 and 120.92
Resistance levels: 123.04 and 123.51 and 124.10
For More Technical Outlook FxStations
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