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160318 USDJPY

by | Mar 16, 2018 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2018-03-16
Resistance and Support Level Explanation
Resistance 106.40 H1
Support 105.90 H1

USDJPY, H1: USDJPY was traded lower following its failure to break resistance by 200-MA line. MACD histogram that portrays diminishing bullish momentum would suggest the pair to extend its losses towards the support level at 105.90.

Resistance level: 106.40, 106.90

Support level: 105.90, 105.40