Monday, May 16, 2016

USD/JPY

Summary :
Target Level : 107.9961
Target Period : 2 days

Analysis :
Rising Wedge has broken through the support line at 13-May-20:00 2016 GMT. Possible bearish price movement forecast for the next 2 days towards 107.996.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 109.5605Last resistance turning point of Rising Wedge.

Support Levels
( A ) 108.518Last support turning point of Rising Wedge.