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140518 USDJPY

by | May 14, 2018 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2018-05-14
Resistance and Support Level Explanation
Resistance 109.70 Daily
Support 108.40 Daily

USDJPY, Daily: USDJPY was traded lower following prior retracement near the resistance level at 109.70. MACD histogram which has formed a death cross signal may suggests the pair to extend its losses in the event of a closure below the 20-MA line (red).

 

Resistance level: 109.70, 111.65

Support level: 108.40, 106.90