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GCMAsia - USDJPY
USDJPY
USDJPY
2017-07-06
Resistance and Support Level Explanation
Resistance 113.30 H1
Support 112.95 H1

USDJPY, H1: USDJPY remained traded within an upward channel while currently testing at the bottom level. Both MA lines which continues to narrow downwards suggests higher possibility for USDJPY to breaking from the bottom level and signal a change in trend direction to move further downwards.

 

Resistance level: 113.30, 113.65

Support level: 112.95, 112.60