 |
| Technical Analysis for Usd-Jpy 8-7-2015 |
Usd/Jpy pair moved yesterday in the average price movement of 87 PIPs, it recorded the highest level at 122.87 and the lowest levels at 122.00 levels and closed at 122.45 to Lose 10 pips According to yesterday’s economic data.
The pair opened today at 122.44 and it fall down to 121.40 in the European session
The pair is trading below the trend line so it is expected to make new lows.
We saw the pair achieved our target yesterday at 121.90
It is expected that the pair Usd against the Jpy will go to targeted level at 121.10 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
Today at 18:00 we are looking for FOMC Meeting Minutes
Medium term trend: Down
Support levels: 122.01 and 121.57 and 121.14
Resistance levels: 122.88 and 123.31 and 123.75
For More Technical Outlook FxStations
0 comments:
Post a Comment