![]() |
| Technical Outlook For 26-8-2015 |
Usd/Jpy pair moved yesterday in the average price movement of 214 Pips, it recorded the highest level at 120.38 and the lowest levels at 118.23 levels and closed at 118.85 to Gain 40 pips According to yesterday’s economic data from USA.
The pair opened today at 118.85 oscillatory between the 118.40 and the 119.10 levels during the Asian session in a trading average of 70 pips and the pair went up to 119.82 to make a little of up correction.
The pair is trading in down corrective waves after breaking the wedge.
We saw the pair achieved our target at 118.50
It is expected that the pair Usd against the Jpy will go to targeted level at 117.90 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














