Forex Trading Library

USDJPY 2017-02-17

0 146

Market shift again toward downtrend movement as market failed to break above downtrend line 114.95 as we see over the chart

Market fell below 113.60 which triggered farther drop toward 112.50-80 as we advised before

Market now facing support zone at 112.20-50 which may shift the market again toward uptrend wave

Below 111.60 market may add more drop movement which need to see market react around 111.00 support level

  Support Resistance
Level 1 112.20-50 113.50
Level 2 111.60 114.95
Level 3 111.00 115.65
Leave A Reply

Your email address will not be published.