Forex Trading Library

USDJPY 2016-12-12

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Market managed to break above 114.80 last week which consider a signal of farther advance toward 116.00-25 as we advised before

Market managed to test r=resistance zone 116.00-25 today which may hit market for some drop correction where main support at 114.40-80 zone

As long as market holding above 114.40-80 another advance wave will be expected toward 118.00 zone

  Support Resistance
Level 1 115.50-60 116.00-25
Level 2 114.40-80 117.50
Level 3 113.50 118.60
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