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| Technical Outlook for USDJPY 17-6-2015 |
Usd/Jpy pair moved yesterday in the average price movement of 52 PIPs, it recorded the highest level at 123.80 and the lowest levels at 123.29 levels and closed at 123.37 close to opining price. According to the yesterday’s economic data.
The pair opened today at 123.37 oscillatory between 123.35 and 123.60 in average 24 pip and in the European session the pair went up to 123.71.
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 122.50 in the next few hours.
And today at 19:00 we are looking for FOMC Economic Projections and Federal Funds Rate.
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: 123.17 and 122.97 and 122.66
Resistance levels: 123.68 and 123.99 and 124.19
For More Technical Outlook fxstations
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