USD/JPY: 118.85
Japanese Yen on uptrend wave
Short-run
market managed to obtain drop correction after testing resistance level of 120.80 , while market still holding trades above support 118.85 zone
as long as market holding trades above 118.85 the short-run uptrend movement will sustain , while below 118.85 market may activate drop movement toward 116.50 and 113.80 levels
market still trying to build a base for farther advance over the med-term , where market face 115.00-50 OR 113.80 which may be the base of the coming uptrend wave
the coming short-run trading zone may have big range deviate between 113.00 – 124.00 zone , where 113.00-80 would consider as good zone to re-long-buy the market
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 | 118.85 | 120.80 |
| Level 2 | 118.25 | 121.85 |
| Level 3 | 117.50 | 122.80 |
