Wednesday, May 11, 2016

USD/JPY Chart

Summary : Target Level : 106.4405
Target Period :
2 days

Analysis :
Channel Up identified at 11-May-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 106.44 within the next 2 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 109.278Last resistance turning point of Channel Up.

Support Levels
( A ) 106.4405Last support turning point of Channel Up.