USDJPY 2016-07-29
BOJ decision failed to meet the market’s high expectations wich spur Yen demand which may continue over short-run
market now facing support zone at 101.50 which may drive for rebound correction toward 103.50 – 104.00 zone
below 101.50 market may add more drop to re-test support zone 99.00-50 while below this zone the old target for mid-run wave will back to stage toward 94.90
Support | Resistence | |
Level 1 | 102.50 | 104.00 |
Level 2 | 101.50 | 104.95 |
Level 3 | 99.00-50 | 105.60 |