Sforex

USDJPY: Support zone-unsafe zone- How to play it

FX:USDJPY   U.S. Dollar/Japanese Yen
112 0 0
Look at on the chart, USDJPY             fell to the ascending trend line : This is a strong support.

121.75 is also a strong support: This was a STRONG RESISTANCE: I SHOW ON THE CHART.

SMA200 is also below the price.

All components create a strong support zone , but if the support zone is pierced,It's difficultly for USDJPY             recovers.

Once, Japanese Yen             plays a roles as good destination for anyone wants to seek a safe shelter : Safe -Haven Currency.

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