Usd/Jpy pair moved yesterday in the average price movement of 85 PIPs, it recorded the highest level at 123.42 and the lowest levels at 122.56 levels and closed at 123.35 to Gain 40 pip According to positive Existing Home Sales from USA
The pair opened today at 123.36 and in sudden movement the pair moved up in the Asian session to 123.78 and it bounced down to trade now around 123.60
The pair broke the price channel last week to start a new down wave,
It is expected that the pair Usd against the Jpy will go to targeted level at 123.95 in the next few hours.
And today at 13:30 we are looking for Core Durable Goods Orders m/m from USA.
And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market
Medium term trend: down
Support levels: 122.80 and 122.25 and 121.94
Resistance levels: 123.66 and 123.97 and 124.52
For More Technical Outlook FxStations
The pair opened today at 123.36 and in sudden movement the pair moved up in the Asian session to 123.78 and it bounced down to trade now around 123.60
The pair broke the price channel last week to start a new down wave,
It is expected that the pair Usd against the Jpy will go to targeted level at 123.95 in the next few hours.
And today at 13:30 we are looking for Core Durable Goods Orders m/m from USA.
And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market
Medium term trend: down
Support levels: 122.80 and 122.25 and 121.94
Resistance levels: 123.66 and 123.97 and 124.52
For More Technical Outlook FxStations
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