USDJPY 2015-04-01

Apr 01 2015, 2:01 pm

USD/JPY: 120.20

Japanese Yen consolidate further – the safe Haven on geopolitical risk

as market has recorded a higher price ovver 120 yen per us dollar , the the upward for the longer term view is more probable , however , the market of this pair is also trading in a range awaiting more data to decide its mid-term course of action – so we do expect and see a range market sloping upward on the short-view.

On the longer -term : still the bull wave in effect as long as market is trading higher than 115 levels , targeting 125/128 levels – buying in dip would be the most strategy used by the markets on that pairs on the long targeted investment choice.

Daily Trend: Neutral
Weekly Trend: Up

  Support Resistence
Level 1 119.50 120
Level 2 118.30 121.33
Level 3 117.76 122.20
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