USDJPY 2016-08-02

Posted on

Market managed today to test our support zone 101.50 as we advised before and as we can see on our previous chart

market will have chance for rebound correction toward 102.80 & (103.50 – 104.00) zone as long as market sustin trades above 101.50

below 101.50 market may add more drop pressure to sustain movement toward testing the second support 99.00-50 zone

while below 99.00 the old target toward 94.90 will be valid

  Support Resistence
Level 1 101.50 102.80
Level 2 99.00-50 103.50 – 104.00
Level 3 97.00 105.60
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