USDJPY 2014-11-12

Nov 12, 1:37 pm

USD/JPY: 115.35

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 .

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

market may sustain short-run trading zone between 114.00 – 116.50 , while market still looking for more advance as so far no drop correction showing any strong signs

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 1 113.25 116.45
Level 2 112.50 117.10
Level 3 111.000 117.90
Short-term strategy: flat
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