USDJPY 12th December 2014
USDJPY 12th December 2014
USD/JPY: 118.25
Japanese Yen on uptrend wave
Short-run
as we see over the chart, market managed to hit below 118.00 levels which may activate farther drop latter toward 115.00-50 zone
as long as market holding trades below 120.00 the short-run downtrend pressure will sustain toward 115.00-50 zone , while above 120.00 market may add more advance toward 120.75 and 121.10
short-run support at 117.95 and 117.45 where as long as market holding trades above this zone market will keep trying to jump above 120.00
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 | 117.95 | 119.55 |
Level 2 | 117.45 | 120.00 |
Level 3 | 116.00 | 120.75 |