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120517 USDJPY

by | May 12, 2017 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2017-05-12
Resistance and Support Level Explanation
Resistance 114.00 H1
Support 113.60 H1

USDJPY, H1: USDJPY remains traded within a sideways channel while currently testing at the bottom level of the channel. A breakout from this level would signal a change in trend direction to move further downwards. Otherwise, a rebound would suggest USDJPY to be traded higher in short-term within the sideways channel.

 

Resistance level: 114.00, 114.35, 114.70

Support level: 113.60, 113.15