USDJPY 2015-03-11

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USD/JPY: 121.50

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 , However , while still market trading above 120.00s levels more higher level is expected on the Mid-term ; now we have a trading range between 120/122.50 any successful breakout above 121.80 means more advance to expect.

On longer -Term view : we still the uptrend is expected to continue its advancing to more higher levels ( 125/128 )

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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