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| Technical Outlook For Usd-Jpy 9-7-2015 |
Usd/Jpy pair moved yesterday in the average price movement of 214 PIPs, it recorded the highest level at 122.54 and the lowest levels at 120.58 levels and closed at 120.58 to Lose 187 pips According to yesterday’s economic data and NYSE stopping.
The pair opened today at 120.58 and went up in a corrective move to 121.52
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 121.10
It is expected that the pair Usd against the Jpy will go to targeted level at 120.05 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 12:30 we are looking for Unemployment Claims from USA.
Medium term trend: Down
Support levels: 119.92 and 119.27 and 117.96
Resistance levels: 121.88 and 123.19 and 123.84
For More Technical Outlook FxStations
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