USDJPY 2016-08-22

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we still holding our previous view

Market managed to break below 100.65 where managed to sustain drop to test support zone 99.00-50

market now in trading zone between 99.00 & 101.45

As long as market continue trading below resistance 101.45 the downtrend pressure will sustain, while below 99.00 expect farther drop toward 97.90

above 102.00 market may reverse to uptrend movement whare resistance at 102.85 and 104.00

  Support Resistence
Level 1 99.00-50 101.45
Level 2 97.90 102.00
Level 3 96.80 102.85

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss