Usd/Jpy Market outlook 08.05.2015

FX:USDJPY   U.S. Dollar / Japanese Yen
89 2 1

Usd/Jpy             trade within a range with support @118.600 and resistance beeing 120.400
price respected resistance yet again , but price managed to reject somewaht slightly
before the support level @119.05 a former middlepoint of a minor range and formed a higher low
we are currently on the way to test resistance yet again.

signs of strenght:
strong rally
support holds
higher low

signs of weakness:
resistance holds
it stopped me out exactly at around 120 then went down ... what a bitch
Invezted ctzulu
shit happens ;) .. where was your entry ?
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