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040518 USDJPY

by | May 4, 2018 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2018-05-04
Resistance and Support Level Explanation
Resistance 109.20 H4
Support 108.50 H4

USDJPY, H4: USDJPY was traded lower prior breaking support level at 109.20 and the pair is currently retesting its previous low. MACD that portrays ongoing downward momentum would suggest the pair to extend its losses if candlestick closes below the 50.0 Fibonacci level.

Resistance level: 109.20, 109.40

Support level: 108.50, 108.00