GCMAsia - USDJPY
USDJPY
2017-09-12
| Resistance and Support | Level | Explanation |
| Resistance | 109.45 | Daily |
| Support | 108.20 | Daily |
USDJPY, Daily: USDJPY was traded higher after breaking resistance level at 108.20. The pair is currently testing the resistance level at 109.45. Formation of bullish engulfing candlestick and positive divergence as shown by MACD histogram give an indication for the pair to be on bias to continue trading upward after breaking resistance level at 109.45.
Resistance level: 109.45, 111.55
Support level: 108.20, 107.35