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| Technical Outlook for Usd-Jpy 29-7-2015 |
Usd/Jpy pair moved yesterday in the average price movement of 72 Pips, it recorded the highest level at 123.78 and the lowest levels at 123.06 levels and closed at 123.54 to Gain 31 pips According to yesterday’s economic data.
The pair opened today at 123.55 oscillatory between the 123.32 and the 123.62 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 up to 123.72
The pair is trading inside price model called triangle
It is expected that the pair Usd against the Jpy will go to targeted level at 124.00 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: 123.14 and 122.74 and 122.42
Resistance levels: 123.86 and 124.18 and 124.58
More Technical Outlook FxStations
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