USDJPY 2014-12-16

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USD/JPY: 116.60

Japanese Yen on uptrend wave


As we advised before, 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 117.50 the short-run downtrend pressure will sustain toward 115.00-50 zone , while above 117.50 expect 118.50-70 zone

market now facing support at 115.95 , while below this levels market will provide good zone to re-long-buy market around 115.00-50 zone , where as long as market holding trades above 114.80 the uptrend will sustain for the short-run , below 114.80 risk for farther drop may control the 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 1 115.95 117.50
Level 2 114.85 118.50-70
Level 3 113.85 119.55


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