Forex Trading Library

USDJPY 2016-06-16

0 425

USD/JPY

104.25

Market managed to fell below 105.15 which triggered downtrend wave that may target 100.70 as we advised before

short-run facing resistance at 105.50 and 107.90 where as long as market holding below one of those resistance the downtrend wave will sustain toward 100.70

above 105.50 market may sustain trading zone with bigger rebound toward 107.50-90

  Support Resistence
Level 1 103.80 104.50
Level 2 103.50 105.50
Level 3 102.75 107.90
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