USDJPY 2016-01-25
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/01/18113855/f6ff39195d608263d4fed4323cf9e042c65b63bc-750x430.png)
USD/JPY
118.35
market still showing ability to sustain trading zone between 116.20 – 119.20 as we advised last week
as long as market holding below the 119.20 the short-run downtrend pressure may sustain for another visit to 115.60 – 116.20 support zone
main resistance for the current drop wave is at 120.50 where as long as market holding below this zone the downtrend wave will sustain, above 120.50 a new uptrend wave may start
Support | Resistence | |
Level 1 | 116.70 | 118.75 |
Level 2 | 116.20 | 119.25 |
Level 3 | 115.60 | 120.35 |