USDJPY 2016-02-29

Feb 29, 12:43 pm



as we see over the chart, market managed to break above resistance level of the downtrend line 112.60 where market managed to sustain advance toward 114.00 before retreated back to test 112.50-60 support zone

as long as market holding above 112.50 the market will have chance to sustain advance toward 115.10

below 112.50 market may head to re-test downtrend line around 111.50-60 zone before rebound back toward 115.10

below 111.00 market will add more drop risk toward 110.00 zone

Level 1112.50113.40
Level 2111.50-60114.00
Level 3111.00115.10
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