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| Technical Outlook for Usd-Jpy 17-8-2015 |
Usd/Jpy pair moved last Friday in the average price movement of 48 Pips, it recorded the highest level at 124.52 and the lowest levels at 124.04 levels and closed at 124.29 to Lose 13 pips According to Friday’s economic data.
The pair opened today at 124.22 oscillatory between the 124.17 and the 124.43 levels during the Asian session in a trading average of 26 pips for the limitation of the market liquidity, and in the European session the pair went up to 124.56
The pair is trading in up impulse waves above the ascending trend line.
We saw the pair was trading closer to our target at 124.00
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: down
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