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010818 USDJPY

by | Aug 1, 2018 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2018-08-01
Resistance and Support Level Explanation
Resistance 111.95 H1
Support 111.50 H1

USDJPY, H1: USDJPY was traded lower following recent retracement from the resistance level 111.95. MACD which display diminished bullish momentum with formation of death cross suggest the pair may extend its retracement as a short term technical correction towards the support level 111.50.

 

Resistance level: 111.95, 112.15

Support level: 111.50, 111.25