 |
| Technical Outlook For Usd-Jpy 24-8-2015 |
Usd-Jpy pair moved last Friday in the average price movement of 169 Pips, it recorded the highest level at 123.48 and the lowest levels at 121.80 levels and closed at 122.03 to Lose 136 pips According to Friday’s economic data.
The pair opened today at 121.88 oscillatory between the 120.70 and the 121.00 levels during the Asian session in a trading average of 30 pips for the limitation of the market liquidity, and in the European session the pair went down to 120.24
The pair is trading in down corrective waves after breaking the wedge
It is expected that the pair Usd against the Jpy will go to targeted level at 119.30 in the next few hours.
And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market
Medium term trend: down
Forex market is most difficult of all the markets to understand. For updates and forex market reports join epic research .
ReplyDelete