GCMAsia - USDJPY
USDJPY
2017-07-31
| Resistance and Support | Level | Explanation |
| Resistance | 110.85 | Daily |
| Support | 110.10 | Daily |
USDJPY, Daily: USDJPY was traded lower following prior closure below the strong support level of 110.85. Both MA lines which continues to narrow downwards suggests possibility for a breakout to occur at the bottom level of ascending triangle and signal a change in trend direction. Next target will be at 110.10.
Resistance level: 110.85, 111.85, 114.30
Support level: 110.10, 109.40