USDJPY 2014-10-23

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USD/JPY: 107.50

Japanese on uptrend wave

Short-run
market managed to obtain rebound correction after testing 105.20 low last week , while managed today to jump above 107.50 resistance zone

market now on testing zone of 107.50-108.00 , where as long as market holding trades below 108.00 market will have chance to obtain another drop depending on market economic data , while above 108.00 market may sustain advance toward 110.00-50 zone

so far market showing ability to sustain trades between 105.50 – 111.00 zone for the coming few weeks/months

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 1 106.30 107.50
Level 2 105.50 108.00
Level 3 104.90 108.75
Short-term strategy: flat

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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