GCMAsia - USDJPY
USDJPY
2018-09-12
| Resistance and Support | Level | Explanation |
| Resistance | 111.45 | H1 |
| Support | 111.20 | H1 |
USDJPY, H1: USDJPY was traded lower following prior retracement from the resistance level 111.60 while currently breaking below the support level 111.45. Recent price action and MACD which display a bearish momentum and formation of a death cross suggest the pair to extend its losses towards the support level 111.20.
Resistance level: 111.45, 111.60
Support level: 111.20, 110.90