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