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| Technical Outlook For Usd-Jpy 3-8-2015 |
Usd/Jpy pair moved last Friday in the average price movement of 85 Pips, it recorded the highest level at 124.36 and the lowest levels at 123.51 levels and closed at 123.93 to Lose 19 pips According to Friday’s economic data.
The pair opened today at 123.84 oscillatory between the 123.84 and the 124.11 levels during the Asian session in a trading average of 27 pips for the limitation of the market liquidity.
The pair is trading in up impulse waves above ascending trend line after breaking the channel
It is expected that the pair Usd against the Jpy will go to targeted level at 124.50 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
Medium term trend: UP
Support levels: 123.50 and 123.08 and 122.65
Resistance levels: 124.35 and 124.78 and 125.20
More Technical Outlook FxStations
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