USDJPY 2015-03-09
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USD/JPY: 120.90
Japanese Yen on uptrend wave
Short-Run
Market managed after U.S labor market data last week to add more advance where managed to test our target zone at 121.20-50 zone
Market still facing resistance at 121.85 zone , where as long as market holding trades below 121.85 another drop correction may hit the market toward 113.80 zone
from another hand, the uptrend wave still protected by 118.20 zone , where as long as market holding trades above 118.20 the uptrend wave will sustain for trying to break above 121.85
Daily Trend: Up
Weekly Trend: Up
Support | Resistence | |
Level 1 | 120.25 | 121.20-50 |
Level 2 | 119.35 | 121.85 |
Level 3 | 118.20 | 123.60 |