Thursday, February 12, 2015

USD/JPY chart

Summary : Target Level : 118.4645Target Period : 2 days
Analysis :
Rising Wedge identified at 12-Feb-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 118.464 within the next 2 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 120.4285Last resistance turning point of Rising Wedge.

Support Levels
( A ) 118.4645Last support turning point of Rising Wedge.