USDJPY 2016-03-18

Posted on

USD/JPY

111.45

Market managed to hit below 111.00 while managed to rebound fast as traders fear of any intervention from BOJ as announced before

market still holding downtrend pressure over the pair while resistance zone laying at 112.20-60 zone

as long as market holding below 112.20-60 the downtrend movement will sustain toward 110.00 and below

above 112.60 market will face 113.50-60 resistance zone

traders need to be careful as market concern of any intervention from BOJ to weaken currency if pair fell below 110.00 zone

  Support Resistence
Level 1 111.00 112.20-60
Level 2 110.00 112.95
Level 3 109.00 113.65
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