USDJPY 2014-12-22

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USD/JPY: 119.80

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 before rebounding while market still facing resistance zone at 119.55-95

market still trying to build a base for farther advance over the med-term , where market face 115.00-50 OR 113.80 may be the base of the coming uptrend wave

the coming short-run trading zone may have big range deviate between 113.00 – 124.00 zone , where 115.00-50 and 113.00-80 would consider as good zone to re-long-buy 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 1 117.75 119.95
Level 2 116.95 121.00
Level 3 116.25 121.85
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