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GCMAsia - USDJPY
USDJPY
USDJPY
2017-08-03
Resistance and Support Level Explanation
Resistance 110.80 H1
Support 110.45 H1

USDJPY, H1: USDJPY was traded lower following prior retracement from the downward trend line. Recent closure below the 20-MA line (red) suggests further downside bias to advance towards the target of support level at 110.45.

 

Resistance level: 110.80, 111.05

Support level: 110.45, 110.20