USDJPY 2018-03-16
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 |