USDJPY 2016-02-05

Feb 05, 2:11 pm

USD/JPY

116.85

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 1 116.20 118.25-50
Level 2 115.60 119.35
Level 3 113.50 120.00-50
(Visited 6 times, 1 visits today)