USDJPY 2014-11-12

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USD/JPY: 115.35

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 .

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


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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