GCMAsia - USDJPY
USDJPY
2017-07-11
| Resistance and Support | Level | Explanation |
| Resistance | 114.25 | H1 |
| Support | 113.95 | H1 |
USDJPY, H1: USDJPY were traded lower following prior retracement from the strong resistance level at 114.25. MACD indicator which continues to drift outside of upward momentum suggests USDJPY to continue its oscillation in between 113.95 and 114.25 in short-term. Otherwise, long-term trend direction suggests USDJPY to extend its uptrend after closing above the level of 114.25.
Resistance level: 114.25, 114.55
Support level: 113.95, 113.65