Forex Trading Library

USDJPY 2017-01-19

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As we see over the chart, USDJPY facing downtrend resistance around 115.00 which may push for another drop toward 113.20 zone

The intraday indicators showing the downtrend wave sustain as long as market holding below 115.65 resistance level

Above 115.65 more advance will be expected to test 116.80 zone

 

  Support Resistance
Level 1 114.40 115.00
Level 2 113.20 115.65
Level 3 112.55 116.80
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