Technical Outlook For Eur/Jpy 23-6-2015

Technical Outlook For Eur/Jpy 23-6-2015

Eur/Jpy pair moved yesterday in the average price movement of 136 PIPs, it recorded the highest level at 140.63 and the lowest at 139.26 and closed at 139.87 to Gain just 11 PIPs during yesterday’s trading according to the economic data.

The pair opened today at 139.88 and in sudden movement the pair moved down in the Asian session to 139.10 and now it is trading around 139.90

The pair is moving in a series of up Impulse waves in a Parallel price channel.

It is expected that the pair eur/jpy will reach the targeted level at 138.10 in the next few hours.

The Relative Strength Indicator "RSI" reveals that the distribution operations at the market and the control of Bears on the market...

Medium term trend: UP

Support levels: 139.21 and 138.55 and 137.84

Resistance levels: 140.58 and 141.29 and 141.95

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Technical Outlook For Usd-Jpy 23-6-2015

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

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