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| Technical Outlook for USDJPY |
Usd/Jpy pair moved last Friday in the average price movement of 67 PIPs, it recorded the highest level at 123.81 and the lowest levels at 123.14 levels and closed at 123.39 to Lose just 9 PIPs. According to the Friday’s economic data.
The pair opened today at 123.22 and in the Asian session oscillatory between 123.22 and 123.62 in average 40 pips.
The pair broke the price channel last week to start a new down wave,
And the today’s trading will be limited to between 123.75 and 123.00.
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 Bears on the market
Medium term trend: down
Support levels: 123.08 and 122.77 and 122.41
Resistance levels: 123.75 and 124.11 and 124.42
for more Technical Outlook fxstations
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