USDJPY 2014-12-15

0 82

USD/JPY: 118.64
Japanese Yen on uptrend wave
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

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


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.