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| Technical Outlook For Eur-Jpy 20-8-2015 |
Eur/Jpy pair moved yesterday in the average price movement of 78 Pips it recorded the highest level at 137.83 and the lowest at 137.05 and closed at 137.61 to gain 52 pips during yesterday’s trading.
The pair opened today at 137.61 oscillatory between the 138.12 and the 137.60 during the Asian session in a trading average of 52 pips for the limitation of the market liquidity.
The pair is moving in a series of up corrective waves inside the triangle.
It is expected that the pair eur-jpy will reach the targeted level at 138.51 in the next few hours.
The Relative Strength Indicator "RSI" reveals that the accumulation operations at the market and the control of bulls on the market.
Medium term trend: up
