USDJPY Technical Analysis 19-01-18

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USDJPY Technical Analysis 19-01-18

As we advised earlier this week and once USD/JPY broke below the 112.10 point, the downtrend wave still continued to control the market.

As long as market keep holding its trades below the resistance 112.10, then the downtrend wave may sustain its target towards 109.50. Below this level it is likely that there will be a futher drop towards the 108.20 point.

Above 112.10 the market may aquire more advance signals, where further gains may occur to re-test old resistance levels at 113.70.

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