USDJPY 2015-03-10

0 5

USD/JPY: 121.89

Japanese Yen on uptrend wave

Short-Run

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

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.