USDJPY 2016-01-19
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 |