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| Technical Outlook For Usd-Jpy 20-8-2015 |
Usd/Jpy pair moved yesterday in the average price movement of 78 Pips, it recorded the highest level at 124.46 and the lowest levels at 123.68 levels and closed at 123.78 to lose 62 pips According to yesterday’s economic data.
The pair opened today at 123.78 oscillatory between the 124.06 and the 123.77 levels during the Asian session in a trading average of 29 pips for the limitation of the market liquidity.
The pair is trading in down corrective waves after retest the uptrend line.
It is expected that the pair Usd against the Jpy will go to targeted level at 124.39 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
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