Forex Analysis

USD/JPY


Show the effect of speculation on the opening day
of the week Strong Yen USD / JPY declines mentioned technical recession continues, and carried to the level of 78.11 during the day. Continued downward movement within the channel and, therefore, withdrawn at 78.85 USD / JPY selling pressure with which the critical point approach requires the support of 77.90. Both short-and medium and long-term support of 77.90, which is an important point of support in case of breakage of short-term 77.30, 76.85 medium-term and long-term targeted level of 76. 77.90 In order to be successful, however, support these objectives must be broken. Otherwise, from 77.90 to 78.90 band movement between levels is expected to continue.


Resistance Point: 78,45-78,65-78,85 Support Point: 78,05-77,90-77,70 Pivot: 78.45