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010617 USDJPY

by | Jun 1, 2017 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2017-06-01
Resistance and Support Level Explanation
Resistance 111.10 H1
Support 110.85 H1

USDJPY, H1: USDJPY remained traded within a downward channel following prior retrace from the top level. Recent closure below the 60-moving average line (green) suggest USDJPY to move further downwards after successfully closing below the support level of 110.85.

 

Resistance level: 111.10, 111.40

Support level: 110.85, 110.65