GCMAsia - USDJPY
USDJPY
2018-06-28
| Resistance and Support | Level | Explanation |
| Resistance | 110.25 | H4 |
| Support | 109.80 | H4 |
USDJPY, H4: USDJPY remains traded within a descending channel following prior retracement from the top level. MACD histogram which begins to illustrate diminishing upward momentum suggests the pair to extend its bearish momentum in short-term following a closure below the 60-MA line (green).
Resistance level: 110.25, 110.55
Support level: 109.80, 109.50