USD JPY weekly outlook 12 to 16 oct 2015

USD JPY this week closed at 120.18 with gain.
 
On weekly chart price trend is up.
with strong corrective patterns.
weekly RSI is around 46 with sell signal.
 
USD JPY weekly support zones will be 118.5 and 116.
and USD JPY weekly resistance zones will be 121.5 and 124.
 
For this week , dollar yen trading call is
sell around 121 with stop loss 122 for
target 118.5 and then 116.

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Pramod Baviskar

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