GCMAsia - USDJPY
USDJPY
2017-04-03
| Resistance and Support | Level | Explanation |
| Resistance | 112.00 | Daily |
| Support | 109.90 | Daily |
USDJPY, Daily: USDJPY was traded lower following a retracement from the resistance level of 112.00 due to the downward expansion of moving average line after the formation of death cross. However, as the MACD indicator begins to hover outside of downward momentum, USDJPY is expected to experience brief retracement period within the range of 100.90 and 112.00 in the short-term, before continuing its downward momentum in the long-term.
Resistance level: 112.00, 114.50
Support level: 109.90, 107.85