Forex Trading Library

USDJPY 2016-07-29

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BOJ decision failed to meet the market’s high expectations wich spur Yen demand which may continue over short-run

market now facing support zone at 101.50 which may drive for rebound correction toward 103.50 – 104.00 zone

below 101.50 market may add more drop to re-test support zone 99.00-50 while below this zone the old target for mid-run wave will back to stage toward 94.90

  Support Resistence
Level 1 102.50 104.00
Level 2 101.50 104.95
Level 3 99.00-50 105.60
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