As we advised yesterday and as we see over our previous chart
USDJPY managed to jump above resistance 107.20 which activated more rebound correction that will face resistance at 108.20-45
As long as market keep holding trades below resistance 108.20-45 another drop wave to re-tetst 106.00-20 zone willl be expected
Above 108.45 market may head for farther rebound correction wave that may target 110.40 zone
| Support | Resistance | |
| Level 1 | 106.20 | 107.20 |
| Level 2 | 105.50 | 108.20-45 |
| Level 3 | 104.50 | 109.50 |
