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| Technical Outlook for USD/JPY 6-7-2015 |
Usd/Jpy pair moved Last Friday in the average price movement of 58 Pips, it recorded the highest level at 123.18 and the lowest levels at 122.59 levels and closed at 122.83 to Lose 23 pips According to Friday’s economic data.
The pair opened today at 122.03 to make a gap with 76 pip After Greeks rejected the terms of the creditors through a yesterday’s referendum.
It is expected that the pair Usd against the Jpy will go to targeted level at 121.90 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
Today at 14:00 we are looking for ISM Non-Manufacturing PMI from USA
Medium term trend: Down
Support levels: 122.52 and 122.27 and 121.94
Resistance levels: 123.10 and 123.43 and 123.68
For More Technical Outlook FxStations
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