USDJPY 2015-03-10
USD/JPY: 121.89
Japanese Yen on uptrend wave
Short-Run
Market managed after U.S labor market data last week to add more advance .
Market still facing resistance at 122.50 zone , where as long as market holding trades below 121.85 another drop correction may hit the market toward 113.80 zone
The market Successfully broke 121.80s which considered a major resistance levels on the mid-term ( Now Support ) ; the successful break of that levels would push the market further to the levels of 123 /125 Yen for each US dollar.
Daily Trend: Up
Weekly Trend: Up
Support | Resistence | |
Level 1 | 120.25 | 122.60 |
Level 2 | 119.35 | 123.30 |
Level 3 | 118.20 | 125.00 |