USDJPY
122.95
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 |
