USDJPY 2015 UPDATE AND ANALYSIS

The USDJPY opened the year 2014 at 105 and dropped to 100 in February. The trading range for the 4 quarters in 2014 are as follows:

Jan-March - 100-105
April-June - 100-105
July-Sept - 100-110 – Strong bull
Oct-Date - 105-120? – Bullish continuation

What do I see? 125 is very close, while the strong resistance at 145 is not far off. The best strategy in 2015 to closely monitor 1500 pips in either direction from 120 as follows:


For Bullish Run

120-125
25-130
130-135

For Bearish Reversal

120-115
115-110
110-105

See the monthly and weekly charts as at November 2014 below.

Attached Images (click to enlarge)

 

Compare your current monthly and weekly charts with the charts I posted in November 2014.