USDJPY 2014-12-29
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USD/JPY: 120.35
Japanese Yen on uptrend wave
Short-run
As we advised before, market managed to hit below 118.00 levels which may activate farther drop later toward 115.00-50 zone
market managed to test the doors of 115.50 before rebounding while market managed to jump above resistance 119.95
market still trying to build a base for farther advance over the med-term , where market face 115.00-50 OR 113.80 which may be the base of the coming uptrend wave
the coming short-run trading zone may have big range deviate between 113.00 – 124.00 zone , where 115.00-50 and 113.00-80 would consider as good zone to re-long-buy the 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 | 120.00 | 121.00 |
Level 2 | 119.00 | 121.85 |
Level 3 | 118.25 | 122.80 |