USDJPY 2016-05-16

May 16, 10:35 am

USD/JPY

108.87

Market managed to obtain drop correction toward 108.20 as we advised before where managed from there to advance toward 109.55 before heading for another drop movement toward 108.45 today

so far market still holding above support 108.20 which promising for more advance toward 110.00 and above

below 108.20 market will face support at 107.40-50 before continue drop toward 106.25-50 zone

  Support Resistence
Level 1 108.20 109.55
Level 2 107.40-50 110.00
Level 3 106.25 111.50-80
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