GCMAsia - USDJPY

USDJPY
2017-06-02
| Resistance and Support | Level | Explanation |
| Resistance | 111.80 | H4 |
| Support | 111.20 | H4 |

USDJPY, H4: USDJPY has recently broke out from the downward trend line, signaling a change in trend direction to move further upwards. MACD histogram which illustrates the expansion of upward signal line suggests USDJPY to advance further up towards the target of resistance level at 111.80.
Resistance level: 111.80, 112.30
Support level: 111.20, 110.65