GCMAsia - USDJPY
USDJPY
2017-06-07
| Resistance and Support | Level | Explanation |
| Resistance | 110.50 | H4 |
| Support | 109.45 | H4 |
USDJPY, H4: USDJPY has pulled back from its recently decline while currently hovering near the support level of 109.45. MACD histogram which shows a diminishing downward momentum suggest USDJPY to be traded higher in short-term as technical correction. Otherwise, long-term trend direction still suggests USDJPY to move further down after breaking the support level of 109.45.
Resistance level: 110.50, 111.25
Support level: 109.45, 108.70