USDJPY 2016-03-07

Posted on

USD/JPY

113.50

Market managed to build support zone at 112.90 – 113.10 where as long as market holding above the uptrend scenario will have chance to advance toward 115.10

below 112.90 market may head for another drop movement where will face support at 112.15-20 and 111.00 zone

as long as market holding trades below 116.20 the med-run downtrend wave will sustain pressure to visit 106.60

  Support Resistence
Level 1 112.90 – 113.10 114.50
Level 2 112.15 115.10
Level 3 111.00 116.20
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