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GCMAsia - USDJPY
USDJPY
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