USDJPY 2017-05-16

May 16, 10:24 am

as we advised yesterday and as we see over our previous chart

market still holding trades below resistance 113.85 which sustain our same outlook for last week

as long as market holding trades below resistance 113.85-90 the downtrend pressure will sustain toward 112.80-113.00 zone

above 113.90 market will face resistance at 114.35 which in turn may set market back to drop movement

above 114.35 more advance toward 114.80-115.50 zone may hit market

  Support Resistance
Level 1 113.45 113.85
Level 2 112.80-113.00 114.35
Level 3 112.10 114.80-115.50
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