الأربعاء، 30 مارس 2016

Technical Analysis of USD/JPY


The yen was slightly Stonger in Asia on Wednesday as provisional industrial production estimates came in weaker than seen and overnight comments from Fed chief Janet Yellen were assessed.
Now again USD/JPY break the uptrend channel and moves under selling pressure.
We aspect more bearish movement during the European Session.
most of the technical indicators are moves in selling area which indicates more fall for these currency pair.
Today Market range for USD/JPY is 113.11 to 112.07
Our preference:- Short below 112.45 with target 111.23 for further extension
Alternative :- Long above @112.45 with target 113.45 to again enter in the uptrend channel.

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