USDJPY 2018-08-01
As we advised last week and as we see over our previous chart
USDJPY managed to head for fast drop movement as market kept trades below 113.30-70 which this drop was driven by Donald Trump tweet about rate hike
Market managed to test support uptrend line around 110.50-60 which if managed to hold the market another advance wave may be on play where resistance still at 113.30-70 zone
Below 110.50 Market may risk for farther drop movement toward 108.50-109.00 zone
Market managed so far to rebound toward 112.15 zone
Support | Resistance | |
Level 1 | 111.25 | 112.15 |
Level 2 | 110.50-60 | 112.60 |
Level 3 | 109.10 | 113.30 |