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200718 USDJPY

by | Jul 20, 2018 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2018-07-20
Resistance and Support Level Explanation
Resistance 112.55 H1
Support 112.25 H1

USDJPY, H1: USDJPY was traded lower following prior breakout from the bottom level of ascending channel. However, MACD which illustrate diminishing downward momentum suggests the pair to be traded higher in short-term as technical correction.

 

Resistance level: 112.55, 112.80

Support level: 112.25, 111.85