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| Technical Outlook for USD-JPY 27-7-2015 |
Usd/Jpy pair moved last Friday in the average price movement of 50 Pips, it recorded the highest level at 124.08 and the lowest levels at 123.58 levels and closed at 123.78 to lose 12 pips According to yesterday’s economic data.
The pair opened today at 123.72 oscillatory between the 123.60 and the 123.82 levels during the Asian session in a trading average of 22 pips for the limitation of the market liquidity.
The pair is trading above the trend line so it is expected to make new Highs.
It is expected that the pair Usd against the Jpy will go to targeted level at 123.70 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: 123.54 and 123.31 and 123.04
Resistance levels: 124.04 and 124.31 and 124.54
More technical Outlook FxStations
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