GCMAsia - USDJPY
USDJPY
2017-05-15
| Resistance and Support | Level | Explanation |
| Resistance | 113.40 | Daily |
| Support | 112.15 | Daily |
USDJPY, Daily: USD/JPY has recently broke out from the top level of downward channel, signaling a change in trend direction to move further upwards. As both MA line continues to expand upwards after the formation of golden cross, a closure above the resistance level of 113.40 would suggest USD/JPY to extend its upward momentum.
Resistance level: 113.40, 114.60
Support level: 112.15, 110.60