Forex Trading Library

USDJPY 2016-05-23

0 170

USD/JPY

109.40

as we see over our previous chart, managed to test resistance zone 110.50-60 where failed to break above which drove for drop correction which managed to hit below 109.50 zone

market now facing support for the uptrend line around 109.20 which if managed to hold the market another rebound toward 110.00-25 zone may be expected

below 109.15 market may head again to re-test support zone 108.20-40

  Support Resistence
Level 1 109.10-20 110.25-50
Level 2 108.20-40 111.20
Level 3 107.40-50 111.60-85
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