USD/JPY: 124.77
Yen Breakout ! can not ignore the buying pressure …
Market has penetrated the resistance level of 121.50 and the consolidation pattern as well , and succeeded to confirm breaching the previously recorded top, which opens the way towards the continuation of the main bullish trend , now the buying pressure still exist and accumulated which mean the way is open for the market to reach the levels of 125/126
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 | 122.50 | 124.20 |
| Level 2 | 121.50 | 125.50 |
| Level 3 | 120.50 | 126.30 |
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