GCMAsia - USDJPY
![USDJPY](https://www.gcmasia.co/analysis/en/wp-content/uploads/sites/2/2016/10/USDJPY.png)
USDJPY
2017-06-15
Resistance and Support | Level | Explanation |
Resistance | 109.70 | H4 |
Support | 108.80 | H4 |
USDJPY, H4: USDJPY remains traded within a downward channel while recently retraced from the resistance level of 109.70. Such retracement suggests USDJPY to extend its downward momentum towards the first target at 108.80.
Resistance level: 109.70, 110.60
Support level: 108.80, 108.10