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Long

USD/JPY Weekly outlook

FX:USDJPY   U.S. Dollar/Japanese Yen
150 0 2
• RES 4: 121.50
• RES 3: 121
• RES 2: 120.15
• RES 1: 119.50 (9 day WMA )
PRICE: 119.03 @ 05:35 GMT            
• SUP 1: 118.69
• SUP 2: 118.30 (26th Mar low)
• SUP 3:116.85 (Feb 2015 low)
• SUP 4: 115.55
Weekly trend -Slightly Bullish
USD/JPY             is struggling break previous week high 119.90 and it has closed near week low.Last hopes for bulls are 118 and any break below will confirm short-term weakness a decline till 115.55 cannot be ruled out.

US Jobs growth in Mar slumps to 15th month low.US economy have generated only 126000 jobs compared to forecast of 246000.

It is good to buy around dips around 118.80 for the targets of 121/122.05.
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