GCMAsia - USDJPY
USDJPY
2017-05-11
| Resistance and Support | Level | Explanation |
| Resistance | 114.35 | H1 |
| Support | 114.00 | H1 |
USDJPY, H1: USDJPY was traded lower following prior retracement from the recent high at 114.35. As the MACD indicator begins to hover outside of upward momentum, USDJPY is expected to be traded lower in short-term as technical correction. Long-term trend direction still suggests USDJPY to extend its upward momentum.
Resistance level: 114.35, 114.70
Support level: 114.00, 113.60