USD/JPY: 119.03
Japanese Yen consolidate further – breakout soon to catch up the market movement
as market has recorded a higher price over 120 yen per us dollar , 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. However , 121.50 considered the major mid-term resistance the breakout of that levels ( which is the most probable ) would push the market further upward .
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 | 118.50 | 119.50 |
| Level 2 | 117.20 | 120.80 |
| Level 3 | 116.50 | 121.50 |
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