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USDJPY 2018-02-08

As we advised yesterday and as we see over our previous chart

USDJPY managed to fell below 109.00 where Market managed to add more drop movement where market facing now support 108.00-20 zone

As long as market holding above 108.00 another advance wave may hit the market toward 111.20-50 zone

Below 108.00 more drop will be expected where another support laying at 107.35 which may push the market for another reboud correction toward 110.00 zone

Below 107.35 Market may enter new downtrend wave

  Support Resistance
Level 1 108.90-109.15 110.00
Level 2 108.00-20 110.50
Level 3 107.35 111.50

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This post first appeared on Orbex Forex Trading Blog - Forex Trading Library, please read the originial post: here

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USDJPY 2018-02-08


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