GCMAsia - USDJPY
USDJPY
2017-04-05
| Resistance and Support | Level | Explanation |
| Resistance | 111.35 | H4 |
| Support | 110.10 | H4 |
USDJPY, H4: USDJPY was traded higher following prior rebound before the support level of 110.10. With regards to the downward signal from MACD histogram which continues to narrow upwards, USDJPY may experience brief technical correction and suggested to be traded higher in short-term. Otherwise, long-term trend direction suggests USDJPY to move further downwards as both MA lines continue to narrow down.
Resistance level: 111.35, 112.15
Support level: 110.10, 109.40