USDJPY 2018-01-22

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As we advised last week and as we see over our previous chart, once market broke below 112.10 the downtrend wave start to control market

As long as market holding below 112.10 the downtrend wave will sustain toward 109.50 target while below this level more drop will be expected toward 108.20 zone

above 112.10 market may give signals for farther advance toward 113.70 zone

  Support Resistance
Level 1 110.20 111.50
Level 2 109.50 112.10
Level 3 108.20 113.70
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