USDJPY 12th December 2014

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USDJPY 12th December 2014
USDJPY 12th December 2014

USD/JPY: 118.25

Japanese Yen on uptrend wave

Short-run

as we see over the chart, market managed to hit below 118.00 levels which may activate farther drop latter toward 115.00-50 zone

as long as market holding trades below 120.00 the short-run downtrend pressure will sustain toward 115.00-50 zone , while above 120.00 market may add more advance toward 120.75 and 121.10

short-run support at 117.95 and 117.45 where as long as market holding trades above this zone market will keep trying to jump above 120.00

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 1 117.95 119.55
Level 2 117.45 120.00
Level 3 116.00 120.75
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