USDJPY 2018-03-16

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

USDJPY managed to retreat from resistance 107.20-30 while market managed 2 days ago to break below 106.30 level which placed market under drop pressure

Market is closing from target 105.25-50 while as long as market holding trades above this zone another rebound correction will be expected toward 107.00

Below 105.25 more drop to test 104.50 is expected

  Support Resistance
Level 1 105.25-50 107.00
Level 2 104.50 107.90
Level 3 102.80 108.50
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