USDJPY 2018-07-12

2 3

USDJPY managed to break above Short-Run resistance 111.40 yesterday which trigger fast advanced on market

we still looking toward our second scenario after the break where target around 113.30-70 zone

The pair beeing on the overbought seems not holding the advance while zone of 113.30-70 may set a drop correction toward 111.90

Above 113.70 market may hold the advance rally toward 114.70 which in turn may trigger such drop correction

  Support Resistance
Level 1 112.15 112.80
Level 2 111.90 113.30
Level 3 111.30-40 113.70

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