USDJPY 2016-11-02

Nov 02, 11:36 am

as we advised earlier this week

As we see over our previous chart, market low liquidity caused the downtrend line to create new resistance zone around 105.50-70 zone which may activate another drop wave toward 101.00 zone

First support at 102.80 which may activate rebound correction before downtrend wave sustain toward 101.00

Above 105.70 market may add more advance where will face another resistance at 107.20-50 zone

 SupportResistence
Level 1103.50104.50
Level 2102.80105.70
Level 3101.80106.60
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