USDJPY 2015-03-18
USD/JPY: 121.25
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 , However , while still market trading above 120.00s levels more higher level is expected on the Mid-term ; now we have a trading range between 120/122.50 any successful breakout above 121.80 means more advance to expect.
On longer -Term view : we still the uptrend is expected to continue its advancing to more higher levels ( 125/128 )
Daily Trend: Up
Weekly Trend: Up
Support | Resistence | |
Level 1 | 120.80 | 122.60 |
Level 2 | 119.35 | 123.30 |
Level 3 | 118.20 | 125.00 |