Forex Trading Library

USDJPY 2017-05-12

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USDJPY managed to print below 113.60 yesterday which helped market to add moe drop pressure

so far market holding trades below resistance 113.85-90 where as long as market holding below the drop pressure will sustain over market

below 113.45 more drop to test 112.80-113.00 will be expected

above 113.90 market will face resistance at 114.35 which in turn may set market back to drop movement

above 114.35 more advance toward 114.80-115.50 zone may hit market

  Support Resistance
Level 1 113.45 113.85
Level 2 112.80-113.00 114.35
Level 3 112.10 114.80
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