GCMAsia - USDJPY
USDJPY
2017-04-10
| Resistance and Support | Level | Explanation |
| Resistance | 112.00 | Daily |
| Support | 109.90 | Daily |
USDJPY, Daily: USDJPY remains traded within a trading range following prior rebound near the support level of 109.90. With regards to the MACD indicator which continues to drift outside of downward momentum, USDJPY is expected to extend its retracement period in the short-term. Long-term trend direction could only be determined after a successful breakout from either side of the range.
Resistance level: 112.00, 114.50
Support level: 109.90, 107.85