Japanese Yen Moving in a C-Wave Towards 128.00

  • Resistance: 124.70
  • Support: 122.45/20
  • Pair moving upwards in a C-wave towards 128.00
  • There are few levels of resistance to key off of going forward, but the area around 125 is littered with a confluence of technicals

[I]USD/JPY (Daily Chart)

Source: Bloomberg

[/I]See USD/JPY Technicals for more detail.