USDJPY 2014-11-05

0 3

USD/JPY: 114.50

Japanese Yen on uptrend wave

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 toward 114.20 where market facing resistance of 114.65

as long as market holding trades above 110.00 the uptrend may sustain advance toward 114.65 , while below 110.00 market may enter our expect trading zone between 105.50 – 112.00

above 114.65 market may sustain advance toward 117.80


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 1 113.25 114.65
Level 2 112.50 115.90
Level 3 111.000 117.00
Short-term strategy: flat


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