Forex Trading Library

USDJPY 2017-11-07

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As we see over our previous chart

Market retreat from 114.70-90 zone which may be the start of rising wedge formation model that may lead for a big drop wave

USDJPY managed to hold advance as market sustain trades above support 113.60-70 

Market will face resistance at 114.70-90 and 115.50 where as long as market holding below those resistances another big drop wave toward 113.25 and 111.70 will be expected

Above 115.50 zone market may add more advance toward 116.80 zone

  Support Resistance
Level 1 113.60-70 114.70-90
Level 2 113.20 115.50
Level 3 112.25 116.80
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