• The Japanese yen was favored on Friday as disappointing US retail sales figures, fueled concerns over the next rate hike by Federal Reserve.
   
• The pair after the data release slipped sharply to hit hitting session low at 100.78 and is approaching to test support level located at 100.60.
   
• Further upside is set to limited as the strong resistance at 102.25 is set to hold the bulls from advancing further and bring decline towards lower levels.
   
• Strong support can be seen at 99.95, a break below this level will expose the pair to next support level at 99.00 levels.
   
• Immediate resistance can be seen at 101.20, a break above this level will open the door towards 101.70.
  
  Resistance Levels
  
  R1: 101.20 (50% Retracement Level)
  
  R2: 101.70 (61.8% Retracement Level)
  
  R3: 102.25 (Daily high)
  
  Support Levels
  
  S1: 100.60(38.2% Retracement Level)
  
  S2: 99.95 (23.6% Retracement Level)
  
  S3: 99.00 (Psychological levels)