USDJPY 2016-07-18
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 |