Usd/Jpy pair moved last Friday in the average price movement of 64 PIPs, it recorded the highest level at 123.21 and the lowest levels at 122.56 levels and closed at 122.71 to lose 23 pip According to the US not to raise interest rates
The pair opened today at 122.94 oscillatory between 122.56 and 122.90 in average 39 pip and in the European session the pair went up to 123.14.
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 124.17 in the next few hours.
And today at 15:00 we are looking for Existing Home Sales data 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: 122.44 and 122.17 and 121.79
Resistance levels: 123.09 and 123.47 and 123.74
For more Technical Outlook fxstations
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