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Long

USDJPY Support Zone Re-tracement

FX:USDJPY   U.S. Dollar/Japanese Yen
Based on my analysis of this pair there are two very strong levels of support/resistance where this pair seems to be trading within. Throughout the trading day on Friday (4/24/15) this pair broke through the upper support/resistance zone twice and closed in a bounce off the lower level of support. My consensus is that this pair will swing up over the market open to the, what is now, upper level of resistance. At such time it will either break through resistance and head to the previous high of around 120.100 or fail to break this resistance and short back down to support again.
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