USDJPY 2018-01-03
![](https://assets.iorbex.com/blog/wp-content/uploads/2018/01/18021828/5a4cae9b53a53-750x430.png)
As we see over our previous chart and as we advised 2 weeks ago
USDJPY managed to hold trades below resistance 113.75 where market managed gto activate drop wave that may continue toward target 111.40-70
Above 113.75 market may gain strength to sustain advance where the old resistance trend laying at 114.70-80 zone
Below 110.80 more drop toward 109.50 will be expected
Support | Resistance | |
Level 1 | 112.00 | 112.80 |
Level 2 | 111.40-70 | 113.75 |
Level 3 | 110.80 | 114.50 |