GCMAsia - USDJPY
USDJPY
2017-04-06
| Resistance and Support | Level | Explanation |
| Resistance | 110.70 | H1 |
| Support | 110.25 | H1 |
USDJPY, H1: USDJPY was traded higher following prior rebound from the strong support level of 110.25. With regards to the MACD indicator which remains hovered outside of downward momentum, USDJPY is suggested to experience brief retracement period and may be traded higher in the short-term. Otherwise, long-term trend direction suggests USDJPY to advance further down and retest near the level of 110.25.
Resistance level: 110.70, 111.00
Support level: 110.25, 110.10