Forex Trading Library

USDJPY 2016-07-18

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As we advised last week, market managed to head for farther rebound correction after broke above 103.60 where managed to close to our resistance zone 106.40-80

market now facing another resistance zone from 106.80 – 107.25 where as long as market holding below this zone the downtrend wave will sustain with first support at 103.40-60

below 103.20 expect farther drop toward 100.00-70 , while above 107.25 expect 108.50

  Support Resistence
Level 1 103.40-60 106.80
Level 2 102.25 107.25
Level 3 100.70
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