GCMAsia - USDJPY
USDJPY
2017-07-05
| Resistance and Support | Level | Explanation |
| Resistance | 113.00 | H4 |
| Support | 112.50 | H4 |
USDJPY, H4: USDJPY were traded lower following prior retracement while recently closed below the psychological level of 113.00. Referring to MACD indicator which hovers outside of upward momentum suggests USDJPY to be traded lower in short-term, towards the target of support level at 112.50.
Resistance level: 113.00, 113.70
Support level: 112.50, 112.00