USDJPY 2014-12-15

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USD/JPY: 118.64
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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