USDJPY 2016-02-09

USD/JPY

115.25

Japanese Yen sustain advance against most counterparts on safe haven demand after global equity drop on Global Economy growth concern

market managed to break below 115.50 zone which add more pressure to sustain advance toward first target 113.60

market showing strong bearish signals after breaking below uptrend channel which may lead the mid-run toward farther drop toward 106.60

as short-run sustain trades below 116.00-50 resistance zone expect farther drop toward 113.60

	Support	Resistence
Level 1	114.20	115.85
Level 2	113.60	116.50
Level 3	112.00	117.50