USDJPY 2016-05-09

May 09, 11:34 am

USD/JPY

108.00

Market managed to break above resistance zone 107.60-70 which activated farther advance as we advised last week.

as we see over the chart, market facing support at 107.40-50 where as long as market holding above this zone will expect farther advance toward 108.80-90 zone , where from that zone will expect another drop toward 108.00 levels.

as long as market holding daily close below 108.80-90 the downtrend pressure will sustain while any daily close above 108.90 will give farther advance toward 110.00 zone

  Support Resistence
Level 1 107.40-50 108.80-90
Level 2 106.25 110.00
Level 3 105.55 111.50
(Visited 3 times, 1 visits today)