USDJPY 2014-12-24

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USD/JPY: 120.45

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 before rebounding while market managed to jump above resistance 119.95

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

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 1 120.00 121.00
Level 2 119.00 121.85
Level 3 118.25 122.80


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