USDJPY 2016-04-29

Apr 29, 2:34 pm

USD/JPY

107.05

so far market still moving along with our Mid-Run projection where target still toward 106.60

short-run managed to break below support 107.60-70 which activated more drop pressure where market looking to test 106.60 support zone.

we may expect some trading zone between 106.60 – 108.75

below 106.60 market may extend drop movement to test 105.15-25 zone

  Support Resistence
Level 1 106.60 107.60-70
Level 2 105.90 108.75
Level 3 105.15-25 109.45
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