Technical Outlook For Usd-Jpy 4-8-2015

Technical Outlook For Usd-Jpy 4-8-2015

Usd/Jpy pair moved yesterday in the average price movement of 42 Pips, it recorded the highest level at 124.26 and the lowest levels at 123.83 levels and closed at 124.01 to Gain 16 pips According to yesterday’s economic data.

The pair opened today at 124.01 oscillatory between the 123.90 and the 124.10 levels during the Asian session in a trading average of 20 pips for the limitation of the market liquidity, and in the European session the pair went down to 123.79

The pair is trading in down corrective waves after breaking the trend line

It is expected that the pair Usd against the Jpy will go to targeted level at 123.40 in the next few hours.

And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market

Medium term trend: UP

Support levels: 123.80 and 123.60 and 123.37

Resistance levels: 124.23 and 124.46 and 124.66

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Technical Outlook For Usd-Jpy 3-8-2015

Technical Outlook For Usd-Jpy 3-8-2015

Usd/Jpy pair moved last Friday in the average price movement of 85 Pips, it recorded the highest level at 124.36 and the lowest levels at 123.51 levels and closed at 123.93 to Lose 19 pips According to Friday’s economic data.

The pair opened today at 123.84 oscillatory between the 123.84 and the 124.11 levels during the Asian session in a trading average of 27 pips for the limitation of the market liquidity.

The pair is trading in up impulse waves above ascending trend line after breaking the channel

It is expected that the pair Usd against the Jpy will go to targeted level at 124.50 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: UP

Support levels: 123.50 and 123.08 and 122.65

Resistance levels: 124.35 and 124.78 and 125.20

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Technical Outlook For Usd/Jpy 16-7-2015

Technical Outlook For Usd/Jpy  16-7-2015

Usd/Jpy pair moved yesterday in the average price movement of 71 PIPs, it recorded the highest level at 123.96 and the lowest levels at 123.25 levels and closed at 123.75 to Gain 40 pips According to yesterday’s economic data.

The pair opened today at 123.76 oscillatory between the 123.75 and the 123.96 levels during the Asian session in a trading average of 21 pips for the limitation of the market liquidity.

The pair is trading above the trend line so it is expected to make new Highs.

It is expected that the pair Usd against the Jpy will go to targeted level at 124.20 in the next few hours and fall down again.

And the Relative Strength Indicator "RSI" show us accumulation operations at the market and the control of Bulls on the market

Today at 14:00 we are looking for Philly Fed Manufacturing Index from USA.

Medium term trend: UP

Support levels: 123.34 and 122.94 and 122.63

Resistance levels: 124.05 and 124.36 and 124.76

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Technical Outlook for USD/JPY 2-7-2015

Technical Outlook for USD/JPY 2-7-2015

Usd/Jpy pair moved yesterday in the average price movement of 88 PIPs, it recorded the highest level at 123.23 and the lowest levels at 122.36 levels and closed at 123.17 to Gain 78 pips According to Positive ADP Non-Farm Employment Change from USA.

The pair opened today at 123.18 oscillatory between the 123.15 and the 123.45 levels during the Asian session in a trading average of 30 pips for the limitation of the market liquidity, and in the European session the pair went up to 123.57.

It is expected that the pair Usd against the Jpy will go to targeted level at 123.90 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: UP

Support levels: 122.61 and 122.05 and 121.74

Resistance levels: 123.48 and 123.79 and 124.35

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