USDJPY 2016-03-16

0 2

USD/JPY

113.55

Market managed to rebound almost from 112.15 support level while market still facing resistance at 114.25-55 zone which fail to break above last week

as long as market holding below 114.25-55 zone will expect farther drop to test 111.00-50 zone

above 114.55 market may find way to test 115.10 resistance while above this zone more advance may hit the market toward 116.20

as we see over our previous chart, market managed to retreat from 114.14 on our first drop wave while still expecting more drop to come as long as market holding below 114.55

  Support Resistence
Level 1 112.20-40 114.25-55
Level 2 111.50 115.10
Level 3 111.00 116.20

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