USDJPY 2015-03-10

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USD/JPY: 121.89

Japanese Yen on uptrend wave


Market managed after U.S labor market data last week to add more advance .

Market still facing resistance at 122.50 zone , where as long as market holding trades below 121.85 another drop correction may hit the market toward 113.80 zone

The market Successfully broke 121.80s which considered a major resistance levels on the mid-term ( Now Support ) ; the successful break of that levels would push the market further to the levels of 123 /125 Yen for each US dollar.

Daily Trend: Up
Weekly Trend: Up

  Support Resistence
Level 1 120.25 122.60
Level 2 119.35 123.30
Level 3 118.20 125.00


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