GCMAsia - USDJPY
USDJPY
2018-06-12
| Resistance and Support | Level | Explanation |
| Resistance | 110.55 | H1 |
| Support | 110.00 | H1 |
USDJPY, H1: USDJPY remains traded within an ascending channel while recently retraced from the upper level. Stochastic Oscillator which hovers near the overbought region suggests imminent downward bias for short-term. Otherwise, mid-term trend direction still subject to the ascending channel formation.
Resistance level: 110.55, 111.00
Support level: 110.00, 109.40