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Technical analysis for the USDJPY on 12.08.2015

The USDJPY broke resistance at 125.00

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 130 pips Max. 126.50

Min. 123.75

usdjpy7

The price broke and held above 125.00 resistance, which indicates dominating bullish potential. Level 125.00 is now acting as strong support.

Strong volume divergence can trigger downside correction with the target at the 125.00 support.

Its test will be most likely followed by a small consolidation and the rebound up. Potential rebound targets will be found at 125.30, 126.00, 126.50.

Alternative scenario: if correction down passes the 125.00 mark, the next decline target will be situated at the ascending trend line of 124.60.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

The USDJPY broke resistance at 125.00

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 130 pips Max. 126.50

Min. 123.75

usdjpy7

The price broke and held above 125.00 resistance, which indicates dominating bullish potential. Level 125.00 is now acting as strong support.

Strong volume divergence can trigger downside correction with the target at the 125.00 support.

Its test will be most likely followed by a small consolidation and the rebound up. Potential rebound targets will be found at 125.30, 126.00, 126.50.

Alternative scenario: if correction down passes the 125.00 mark, the next decline target will be situated at the ascending trend line of 124.60.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!



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