USDJPY 2016-01-25

USD/JPY

118.35

market still showing ability to sustain trading zone between 116.20 – 119.20 as we advised last week

as long as market holding below the 119.20 the short-run downtrend pressure may sustain for another visit to 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	118.75
Level 2	116.20	119.25
Level 3	115.60	120.35