GCMAsia - USDJPY

USDJPY
2017-07-04
| Resistance and Support | Level | Explanation |
| Resistance | 113.70 | H4 |
| Support | 113.00 | H4 |

USDJPY, H4: USDJPY has recently broke out from the top level of upward channel, signaling a change in trend direction to move further upwards. Referring to MACD histogram which shows substantial upward signal suggests USDJPY to extend its gains after breaking the resistance level of 113.70.
Resistance level: 113.70, 114.35
Support level: 113.00, 112.00