USDJPY 2016-02-04

Feb 04, 12:31 pm

USD/JPY

117.55

Japanese Yen also got benefit from Dollar sell off where managed to break below 118.50 which may lead for farther drop for the dollar/yen pair

market still facing support zone 115.60-116.20 as base support where as long as market holding above this zone we may expect another rebound toward 120.50-75 zone

below 115.60 market may enter new downtrend wave where pressure may lead for 113.50 as first target

  Support Resistence
Level 1 117.05 118.25-50
Level 2 116.20 119.35
Level 3 115.60 120.00-50
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