USDJPY 2016-04-08

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USD/JPY

108.65

Market managed to hold support 107.70 as we advised yesterday while managed to test door of resistance zone around 109.10

as long as market holding below 109.10 we will expect another drop to re-test 107.70 zone while as long as this support (107.70) hold the market another rebound toward 110.00 will be expected

whether market managed to test 109.10 or 110.00 resistance levels we still see short-run heading toward 106.60 zone

  Support Resistence
Level 1 107.70 109.10
Level 2 106.60 110.00
Level 3 105.20 111.05

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