Usd/Jpy Weekly Market outlook

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 17, 2015 9:57 AM

Context:

This Pair remains in its minor range with support @118.60 and resistance @120.400
any reaction at either support or resistance will cause a maintaining of the range
a breakout out either side will give us further clues about the future direction

signs of strenght:
uptrend
support holds

signs of weakness:
resistance holds