Forex Trading Library

USDJPY 2016-07-01

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Market failled to obtain daily close above 103.20 while indicators adjusted resistance zone to be at 103.20-60

we will consider this zone as the mid-range resistance, as long as market holding below this zone the downtrend wave will sustain with first target toward 100.70

above 103.60 market may build uptrend wave which will face resistance at 106.50-80 zone.

  Support Resistence
Level 1 102.40 103.20-60
Level 2 101.15 105.25
Level 3 100.00
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