USDJPY 2016-07-05
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/07/18093153/577b875ee5fca-750x430.png)
Market still holding trades below resistance 103.20-60 which we advised before that market will continue drop pressure as long as holding below this zone where support at 100.00-70 zone
below 100.00 market will face 98.90 as support and below this level will face 96.60 as another support
zone of 94.90 will consider possible zone to obtain rebound correction from it toward 100.00
above 103.60 market may head for farther rebound toward 105.20 and maybe 106.50-80 zone
alert : any price below 100.00 will consider the zone of possible Inteervention by BOJ to weaken the Yen
Support | Resistence | |
Level 1 | 101.10 | 102.80 |
Level 2 | 100.00 | 103.60 |
Level 3 | 98.90 |