USDJPY 2015-07-02

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Bullish Scenario still valid for the pair

After penetrating the bullish consolidation pattern; the market would still bullish unless the market is traded below 121.80/121.50.
Market has rebounded after recording the high if 125s, the major player would keep applying buying in dip strategy and target a new record high above 125s (128, & 132: expected on 2016).
The bullish player would exit the losing position if market fell below118 / 115, as they would expected a more bigger correction toward 110 /105.

Daily Trend: UP
Weekly Trend: Up

  Support Resistence
Level 1 122.50 123.80
Level 2 121.20 125.20
Level 3 120.50 126.80


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