USDJPY 2014-12-10

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USD/JPY: 119.20

Japanese Yen on uptrend wave

Dollar/Yen sustain uptrend movement as investors anticipate shinzo abe to win second term on election as prime minister


as we see over the chart, market managed to fell after meeting our first projection short-sell zone of 121.00 , while market went in fast movement yesterday and tested the doors of 118.00

market back to obtain daily close above 119.00 level which placed the 118.00 as the short-run support for the coming trading zone model

as long as market holding trades above 118.00 a trading zone may occur between 118.00 – 122.00 , while below 118.00 market may initiate another drop correction movement which may target 115.00-50 zone

short-run still seeing 121.00 and 124.00 as good places to short-sell market

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 1 119.00 121.00
Level 2 117.95 121.80
Level 3 117.20 122.80


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