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GCMAsia - USDJPY
USDJPY
USDJPY
2017-07-03
Resistance and Support Level Explanation
Resistance 112.70 Daily
Support 111.80 Daily

USDJPY, Daily: USDJPY remained traded within a narrowing triangle while recently rebounded from the support level of 111.80. Both moving average line which continue to narrow upwards suggests USDJPY to advance further up towards the upper level of the triangle after breaking the resistance level of 112.70.

 

Resistance level: 112.70, 113.90

Support level: 111.80, 110.95