During the trading hours yesterday, the US dollar raised its value from 118.40 JPY to 119.20 JPY. This morning the currency pair is trading at 118.80-119.10 JPY.
According to the analysis of Trading212, if US dollar breaks the resistance levels at 118.95-119.15 JPY, the aim will be reaching and testing the zone 119.15-119.30 JPY. If it is successful, the upward trend will continue to 119.45-119.60 JPY. If USD drops below the support levels at 118.75-118.60 JPY, it will try to find a next support at 118.45-118.25 JPY. In case of breaking down, the downward trend will continue to 118.10-117.95 JPY.
Source: http://www.trading212.com/en/Financial-Analyses/2015-02-20/
