USDJPY 2015-10-27
USDJPY
120.50
Market so far still holding short-run trading range inside triangle model as we see over the chart, where main resistance still at 121.65 zone.
market managed to re-test resistance zone last Friday while headed for drop correction early this week.
as long as market holding trades above 120.00 levels will expect the short-run to sustain advance to break above 121.65, while below 120.00 level will expect another drop movement to re-test 118.50-80 zone
Support | Resistence | |
Level 1 | 120.00 | 120.75 |
Level 2 | 119.35 | 121.10 |
Level 3 | 118.50-80 | 121.65 |