GCMAsia - USDJPY
USDJPY
2017-08-14
| Resistance and Support | Level | Explanation |
| Resistance | 109.40 | Daily |
| Support | 108.80 | Daily |
USDJPY, Daily: USDJPY was traded higher following prior rebound from the support level of 108.80. Such price movement suggests short-term upward bias for USDJPY and its first target is at 109.40. Otherwise, long-term trend direction suggests USDJPY to extend its downward momentum as both MA line continues to expand downwards.
Resistance level: 109.40, 110.10
Support level: 108.80, 108.10