USDJPY 2015-03-09

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USD/JPY: 120.90

Japanese Yen on uptrend wave

Short-Run

Market managed after U.S labor market data last week to add more advance where managed to test our target zone at 121.20-50 zone

Market still facing resistance at 121.85 zone , where as long as market holding trades below 121.85 another drop correction may hit the market toward 113.80 zone

from another hand, the uptrend wave still protected by 118.20 zone , where as long as market holding trades above 118.20 the uptrend wave will sustain for trying to break above 121.85

Daily Trend: Up
Weekly Trend: Up

  Support Resistence
Level 1 120.25 121.20-50
Level 2 119.35 121.85
Level 3 118.20 123.60

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