GCMAsia - USDJPY
USDJPY
2017-11-02
| Resistance and Support | Level | Explanation |
| Resistance | 114.15 | H1 |
| Support | 113.45 | H1 |
USDJPY, H1: USDJPY was traded lower prior its failure to break above resistance level at 114.15. Formation of bearish engulfing candlestick and downward slope of MACD signal line suggest the pair to undergo short-term technical correction to trade lower toward the support by 200-MA line.
Resistance level: 114.15, 114.75
Support level: 113.45, 113.05