USDJPY 2016-02-05

Feb 05, 2:11 pm



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

Level 1116.20118.25-50
Level 2115.60119.35
Level 3113.50120.00-50
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