USDJPY 2015-01-20
USD/JPY: 118.70
Japanese Yen on uptrend wave
Short-run
market managed to obtain drop correction after testing resistance level of 120.80
market showing ability to sustain the drop correction , where as long as market holding trades below 120.80 the drop pressure will sustain toward 116.00 zone which already done last week
market managed to jump above 118.00 which indicating that the last base around 115.50 may be the support base for the coming uptrend wave
market now showing ability to sustain advance where 121.00-20 zone would be the target
Daily Trend: Up
Weekly Trend: Up
Support | Resistence | |
Level 1 | 118.00 | 118.85 |
Level 2 | 117.50 | 119.95 |
Level 3 | 116.95 | 121.00-20 |