NamMinh
Long

USDJPY_March2015_Technical_Analysis

FX:USDJPY   U.S. Dollar/Japanese Yen
uj
157 0 1
uj
USDJPY_March2015_Technical_Analysis

Due to recent good released NFP data in the USA,the JPY jumping up to highest level. Good NFP data maybe plays not here a really big roll for a weaker JPY at the moment, but the intention of the BoJ to put further stimulus during this year, for the oil             prices have been dramatically fallen therefore a 2% inflation target is still not reached,might be a good back reason for the strong upward trend of Yen now.

We prefer to go long with UJ.

Good buying level should be @120.440 and t/p @ 123.495.


In case the price would be triggered the green projected upward trend line ,then go long with it.

Risky trader can go long@121.550 and s/l@120.400

Trade well!

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