USDJPY 2016-02-29

Posted on

USD/JPY

112.90

as we see over the chart, market managed to break above resistance level of the downtrend line 112.60 where market managed to sustain advance toward 114.00 before retreated back to test 112.50-60 support zone

as long as market holding above 112.50 the market will have chance to sustain advance toward 115.10

below 112.50 market may head to re-test downtrend line around 111.50-60 zone before rebound back toward 115.10

below 111.00 market will add more drop risk toward 110.00 zone

  Support Resistence
Level 1 112.50 113.40
Level 2 111.50-60 114.00
Level 3 111.00 115.10
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