Forex Trading Library

USDJPY 2016-12-13

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Market managed to rebound from 114.40-80 support zone as we advised yesterday

The coming short-run showing ability for trading zone as we see over the chart

First resistance at 116.00-25 which may push market for drop toward 115.00 zone

Above 116.25 market will face another resistance zone at 116.60-117.00 which may hit market for drop correction toward 115.20-50 zone

Main support level still at 114.40-80

 

  Support Resistance
Level 1 114.80 116.00-25
Level 2 114.40 116.60-117.00
Level 3 113.20-50 118.00
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