USDJPY 2014-10-29

Posted on

USD/JPY: 108.05

Japanese Yen on uptrend wave

Short-run
market managed to obtain rebound correction after testing 105.20 low in the last 2 weeks , while managed last week to jump above 107.50 resistance zone

market now on track toward 110.00 zone while more advance may developed latter toward 111.00 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 1 107.50 108.30
Level 2 106.80 108.70
Level 3 106.25 109.50
Short-term strategy: flat
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