Thursday, August 13, 2015

Forex USD/JPY

Summary :
Target Level : 123.7521
Target Period : 3 days

Analysis :
Rising Wedge has broken through the support line at 12-Aug-12:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 123.752.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 125.2725Last resistance turning point of Rising Wedge.

Support Levels
( A ) 124.074Last support turning point of Rising Wedge.