As we advised earlier this week, as long as USDJPY holding trades below 107.00 resistance the downtrend wave will sustain to test support zone 105.25-50
Market is closing from testing support 105.25-50 where if this level managed to support market another rebound wave is expected toward 106.70 zone
Below 105.25 market may head for farther drop movement toward 104.50 and maybe expand toward 102.80
| Support | Resistance | |
| Level 1 | 105.25 | 106.10 |
| Level 2 | 104.50 | 106.70-90 |
| Level 3 | 102.80 | 107.90 |
