USDJPY 2017-05-17

May 17, 10:34 am

as we advised before, market managed to sustain trades below 113.85 which managed to push USDJPY toward 112.80-113.00 zone

market managed also to break below 112.80 where market now facing support at 111.95-112.10 zone

as long as market holding above this levels a rebound correction toward 113.00 may hit the market

below 111.95 more drop will be expected toward 110.90 zone

  Support Resistance
Level 1 112.10 112.60
Level 2 110.90 113.05
Level 3 110.40 113.35
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