USD/JPY Technical Analysis At Year-End: bullish with above with Yearly Central Pivot

USD/JPY is on bullish market condition for ranging between 116.13 support level and 125.85 resistance level. The key levels for the pair are the folloiwng:

• 116.13 support level and Yearly Central Pivot at 114.36 located on the border between the primary bearish and the primary bullish on the chart, and
  
• 125.85 resistance level and R1 Pivot at 127.96 located on the primary bullish trend on the chart.

The most realistic scenario for this pair at year-end is the following: the pair will be on bullish ranging within Yearly Central Pivot at 114.36 and R1 Pivot at 127.96.

If the pairs breaks 125.85 resistance from below to above so the primary bullish trend will be continuing with R1 Pivot at 127.96 as the next bullish target. If the price breaks 116.13 support level from above to below so the bearish reversal may be started with Yearly Central Pivot at 114.36 as the next 'reversal' target.