As we advised last week and as we see over our previous chart
USDJPY managed to hit below 112.00 which may be the first sign of more drop in the way
Market also managed to get daily close below 112.40 which holding more drop pressure over the market
As long as the daily close sustain below 112.4 more drop will be expected toward 111.45 and 110.50
Above 112.60 market may head for farther rebound toward 113.50-70 zone
| Support | Resistance | |
| Level 1 | 111.45 | 112.30-60 |
| Level 2 | 110.50 | 113.60-70 |
| Level 3 | 109.80 | 114.50 |