USDJPY 2015-04-02
USD/JPY: 119.81
Japanese Yen consolidate further – the safe Haven on geopolitical risk
as market has recorded a higher price over 120 yen per us dollar , the the upward for the longer term view is more probable , however , the market of this pair is also trading in a range awaiting more data to decide its mid-term course of action – so we do expect and see a range market sloping upward on the short-view.
On the longer -term : still the bull wave in effect as long as market is trading higher than 115 levels , targeting 125/128 levels – buying in dip would be the most strategy used by the markets on that pairs on the long targeted investment choice.
Daily Trend: Neutral
Weekly Trend: Up
Support | Resistence | |
Level 1 | 119.50 | 120 |
Level 2 | 118.30 | 121.33 |
Level 3 | 117.76 | 122.20 |