USDJPY 2014-11-10

Nov 10, 1:37 pm

USD/JPY: 114.15

Japanese Yen on uptrend wave

Short-run
market managed to accelerate advance as BOJ is ready to sustain Quantitative easing by buying every bonds that Government may issue in pursuing to spur Inflation in the region .

market managed to sustain advance where managed last week to hit 115.50

as long as market holding trades above 110.00 the uptrend may sustain advance where targets would be 115.90 , 116.50 and 117.90

any daily close below 114.60 may add some pressure over the market to head for some drop correction where main support still at 110.00 , market managed last friday to obtain daily close below 114.65 which indicating ability for some trading zone as correction between 110.00 – 115.50

Long-Run

as long as market holding trades above 100.60 the long-run uptrend wave will sustain this year

Daily Trend: Up
Weekly Trend: Up

  Support Resistence
Level 1 113.25 115.50
Level 2 112.50 115.90
Level 3 111.000 116.45
Short-term strategy: flat
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