Wednesday, July 20, 2016

USD/JPY

Summary :
Target Level : 104.639
Target Period : 2 days

Analysis :
Rising Wedge identified at 20-Jul-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 104.639 within the next 2 days.

Resistance Levels :
( B ) 106.535Last resistance turning point of Rising Wedge.

Support Levels
( A ) 104.639Last support turning point of Rising Wedge.



Chart date range :
06-Jul-12:00 GMT-> 20-Jul-04:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles