GCMAsia - USDJPY
USDJPY
2017-10-06
| Resistance and Support | Level | Explanation |
| Resistance | 113.00 | H4 |
| Support | 112.35 | H4 |
USDJPY, H4: USDJPY was traded within consolidation prior its retracement from resistance level at 113.00. Golden cross as formed by MACD signal line suggests upward bias for the pair. However, a breakout above the said resistance level is required for the pair to further increasing bullish momentum to trade higher.
Resistance level: 113.00, 113.55
Support level: 112.35, 111.65