Forex Trading Library

USDJPY 2015-10-29

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USDJPY

120.70

Market so far still holding short-run trading range inside triangle model as we see over the chart, where main resistance still at 121.65 zone.

market managed to re-test resistance zone last Friday while headed for drop correction early this week.

as long as market holding trades above 120.00 levels will expect the short-run to sustain advance to break above 121.65, while below 120.00 level will expect another drop movement to re-test 118.50-80 zone

  Support Resistence
Level 1 120.00 120.75
Level 2 119.35 121.10
Level 3 118.50-80 121.65
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