/ 

Jul 05

TECHNICAL ANALYSIS BY NSFX 05.07.2015

By:

High:  Low: 

The rate made a double bottom in area 122.06 and then tested the supply line generated last month at 123.66. A breakout of this dynamic resistance can lift UsdJpy to test its multiyear top at 125.8. Above this level the pair might test 130. Below 122.06 the rate can drop to its 200SMA, now at 119.9 and below this level there is static support at 118.41.

R3
R2
R1
S1
S2
S3