USDJPY 2018-07-13

1 11

USDJPY managed to break above Short-Run resistance 111.40 this week 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 1 111.90 113.30
Level 2 111.30 113.70
Level 3 110.50 114.70


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss