USDJPY 2015-05-26

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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

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