USDJPY 2017-03-16
USDJPY managed to hold the downtrend pressure as main resistance 115.65 intact, while managed yesterday after Fed hike to activate farther drop below 114.45 where market still showing target toward 112.20-50 zone as we advised yesterday
Intraday levels showing resistance at 113.50 and 114.05 where as long as market holding below one of those resistances the downtrend pressure will sustain toward 112.20-50 zone before market activate from here another uptrend wave
above 114.05 market may restore the uptrend wave again
Support | Resistance | |
Level 1 | 112.20-50 | 113.50 |
Level 2 | 111.60 | 114.05 |
Level 3 | 110.25 | 114.85 |