Forex Trading Library

USDJPY 2016-01-19

0 107

USD/JPY

118.00

market still showing ability for trading zone between 116.20 – 119.20 while first resistance lay at 118.40

as long as market holding below the 119.20 the short-run downtrend pressure may sustain for more drop toward 115.60 – 116.20 support zone

main resistance for the current drop wave is at 120.50 where as long as market holding below this zone the downtrend wave will sustain, above 120.50 a new uptrend wave may start

  Support Resistence
Level 1 116.70 118.40
Level 2 116.20 119.25
Level 3 115.60 120.35
Leave A Reply

Your email address will not be published.