USD/JPY: 117.10
Japanese Yen on uptrend wave
Short-run
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
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 | 116.25 | 117.50-75 |
| Level 2 | 115.50 | 118.50-70 |
| Level 3 | 114.80 | 119.55 |
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