USDJPY 2016-02-11
USD/JPY
111.65
Japanese Yen sustain advance against most counterparts on safe haven demand after global equity continue drop on Global Economy growth concern
our projection for the Mid-Run still the same as market showing strong bearish signals after breaking below uptrend channel which may lead the mid-run toward farther drop toward 106.60
short-run showing first resistance at 112.80 and 113.60 where as long as market holding below those levels we shall see more drop to test 110.00-50 zone
Support | Resistence | |
Level 1 | 111.00 | 112.80 |
Level 2 | 110.00-50 | 113.50 |
Level 3 | 109.20 | 114.20 |