USDJPY 2014-12-17

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USD/JPY: 117.10

Japanese Yen on uptrend wave


As we advised before, market managed to hit below 118.00 levels which may activate farther drop later toward 115.00-50 zone

market managed to test the doors of 115.50 yesterday before rebounding while market still facing resistance zone at 117.50-75

as long as market holding trades below 117.50 the short-run downtrend pressure will sustain toward 115.00-50 zone , while above 117.75 expect 118.50-70 zone

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 1 116.25 117.50-75
Level 2 115.50 118.50-70
Level 3 114.80 119.55


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