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091017 USDJPY

by | Oct 9, 2017 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2017-10-09
Resistance and Support Level Explanation
Resistance 112.85 Daily
Support 111.65 Daily

USDJPY, Daily: USDJPY remained seesawed near the strong resistance level of 112.85 due to prior attempts to close above this level. MACD histogram which begins to form a downward signal suggest further downside bias for the pair if it closes below the 20-MA line (red).

 

Resistance level: 112.85, 114.35

Support level: 111.65, 110.85