USDJPY 2014-12-10
![](https://assets.iorbex.com/blog/wp-content/uploads/2014/12/15151151/064b7eb95a014641b781a8ab6bf230ed50d41905-750x386.png)
USD/JPY: 119.20
Japanese Yen on uptrend wave
Dollar/Yen sustain uptrend movement as investors anticipate shinzo abe to win second term on election as prime minister
Short-run
as we see over the chart, market managed to fell after meeting our first projection short-sell zone of 121.00 , while market went in fast movement yesterday and tested the doors of 118.00
market back to obtain daily close above 119.00 level which placed the 118.00 as the short-run support for the coming trading zone model
as long as market holding trades above 118.00 a trading zone may occur between 118.00 – 122.00 , while below 118.00 market may initiate another drop correction movement which may target 115.00-50 zone
short-run still seeing 121.00 and 124.00 as good places to short-sell market
Long-Run
as long as market holding trades above 100.60 the long-run uptrend wave will sustain this year
Daily Trend: Up
Weekly Trend: Up
Support | Resistence | |
Level 1 | 119.00 | 121.00 |
Level 2 | 117.95 | 121.80 |
Level 3 | 117.20 | 122.80 |