Forex Trading Library

USDJPY 2018-05-07

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Dollar/Yen managed to fell below 109.30 last week where managed to add more drop toward support zone 108.50-60

We advised last week that this zone 108.50-60 may set another advance toward 110.40-80 zone

Below 108.50 more drop to test 107.70-90 is expected which in turn may provide another rebound toward 109.70

Below 107.70 more drop toward 106.60 and 105.60 may hit the market

 

  Support Resistance
Level 1 109.00 110.00
Level 2 108.50 110.40
Level 3 107.70 110.80
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