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11/27/2014 2:46:07 AM

USDJPY - Technical Analysis: Thursday, 27/11/2014 07:46 GMT



 

The process now to negotiate the neckline of the double top pattern at 117.35, and a daily close below it is required to activate this negative pattern.

The exponential moving average 50 meeting with this level besides stochastic positive signs support the strength of the current areas.

Breaking 117.35 or breaching 118.35 will push the price out of the current dominant sideways range.


Target
Risk


Support
Resistance


Trend Sideways

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