USDJPY 2015-01-22

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USD/JPY: 117.65

Japanese Yen on uptrend wave

Short-run

market managed to obtain drop correction after testing resistance level of 120.80

market showing ability to sustain the drop correction , where as long as market holding trades below 120.80 the drop pressure will sustain toward 116.00 zone which already done last week

market managed to jump above 118.00 which indicating that the last base around 115.50 may be the support base for the coming uptrend wave

market now showing ability to sustain advance where 121.00-20 zone would be the target , while drop risk will be below 115.50

below 115.50 market may sustain drop toward 113.80 where new opportunity to long-buy market will rise there

Daily Trend: Up
Weekly Trend: Up

  Support Resistence
Level 1 117.50 118.85
Level 2 116.95 119.95
Level 3 116.00 121.00-20
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