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| Technical Outlook for USD/JPY 29-6-2015 |
Usd/Jpy pair moved last Friday in the average price movement of 76 PIPs, it recorded the highest level at 123.99 and the lowest levels at 123.22 levels and closed at 123.87 to Gain 22 pip according to Friday’s economic data.
The pair opened today at 122.71 to make a Gap with 116 pips and now the pair is trading around 122.77
And we saw yesterday the pair traded close to our target at 124.30
It is expected that the pair Usd against the Jpy will go to targeted level at 121.30 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: Down
Support levels: 123.39 and 122.92 and 122.62
Resistance levels: 124.16 and 124.46 and 124.93
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