USDJPY is going up to big resistance zone


USDJPY after the weekend has opened upper with gap. In friday USDJPY has gone higher with long bullish daily bar and finally left range where price was since end of september. Now price is going to wide resistance zone at 114.30 - 115.50. In this range we will look for market weaknesses and any increased supply activity to find good sell opportunity. In this context is is also worth to looking EURUSD chart where price is going to support level. If support level will be defended, than USD could make weaken again and USDJPY could go lower.

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