USDJPY 2016-11-04

Posted on

as we advised earlier this week

As we see over our previous chart, market low liquidity caused the downtrend line to create new resistance zone around 105.50-70 zone which may activate another drop wave toward 101.00 zone

First support at 102.50-80 which may activate rebound correction before downtrend wave sustain toward 101.00

market resistance at 103.50 and 104.50 which one of them may push for more drop

Above 105.70 market may add more advance where will face another resistance at 107.20-50 zone

  Support Resistence
Level 1 102.50-80 103.50
Level 2 101.80 104.50
Level 3 101.00 105.50
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