USDJPY 2018-04-30

USDJPY managed to sustain advance as market sustain trades above support 107.70 as we advised 2 weeks ago

Market now facing Intraday resistance at 109.50 while first support at 108.50

As long as market holding above 108.50 more advance to test 110.40-80 is expected

below 108.50 more drop to test 107.70 may hit the market which in turn may activate the uptrend again

below 107.70 more drop toward 106.60 is expected

  Support Resistance
Level 1 108.50 109.50
Level 2 107.70 110.40-80
Level 3 106.60 111.70-80

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