Forex Trading Library

USDJPY 2017-08-03

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as we advised yesterday and as we see over our previous chart

USDJPY managed to print 109.90 low 2 days ago which is almost away with 40 pip from our short-run target 109.50

market managed to print few pips above resistance 110.80 which may be the first sign of farther advance toward 111.70-80 zone

 market may head for trading zone between 110.00 and 111.70 as long as market holding above 109.90

below 109.90 we will watch the test for 109.30-50 which may push market for uptrend rebound toward 115.00 as we advised before

  Support Resistance
Level 1 110.10-30 111.10
Level 2 109.30-50 111.70-80
Level 3 108.10-30 112.20
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