USDJPY 2016-02-11

USDJPY 2016-02-11

USD/JPY

111.65

Japanese Yen sustain advance against most counterparts on safe haven demand after global equity continue drop on Global Economy growth concern

our projection for the Mid-Run still the same as market showing strong bearish signals after breaking below uptrend channel which may lead the mid-run toward farther drop toward 106.60

short-run showing first resistance at 112.80 and 113.60 where as long as market holding below those levels we shall see more drop to test 110.00-50 zone

Support Resistence
Level 1 111.00 112.80
Level 2 110.00-50 113.50
Level 3 109.20 114.20

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