USDJPY 2016-02-08
USD/JPY
116.65
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 the chance will sustain for 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 |