83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - USDJPY
USDJPY
USDJPY
2018-11-14
Resistance and Support Level Explanation
Resistance 114.20 H1
Support 113.85 H1

USDJPY, H1: USDJPY remains traded within a sideways channel while currently testing at the 20-MA line (red). MACD which illustrate diminishing downward momentum suggests the pair to extend its gains after closing above the MA line.

 

Resistance level: 114.20, 114.55

Support level: 113.85, 113.70