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USDJPY: H With a follow through higher on the back of its Friday gain seen during Monday trading session, more strength is envisaged. On the upside, resistance resides at the 124.00 level with a turn above here aiming at the 124.50 level. A break will target the 125.00 level. Further out, resistance comes in at the 125.50 level.

Its daily RSI is bullish and pointing higher suggesting further upside pressure. On the downside, support comes in at the 123.00 level where a break will target the 122.50 level. Below here if seen will aim at the 122.00 level followed by the 121.50 level. On the whole, USDJPY remains exposed to the upside medium term

usdjpy July 13 2015

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