USDJPY 2015-05-26
USD/JPY: 122.50
Yen Breakout !
Market has penetrated the resistance level of 121.50 and the consolidation pattern as well , now expected more upside move and accelerated one to more higher prices of 123.20 and 125.10.
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.
The chart analysis provided for mid-term view
Daily Trend: UP
Weekly Trend: Up
Support | Resistence | |
Level 1 | 121.50 | 122.80 |
Level 2 | 120.50 | 123.50 |
Level 3 | 119.22 | 125.10 |