GCMAsia - USDJPY
USDJPY
2017-06-16
| Resistance and Support | Level | Explanation |
| Resistance | 111.60 | H4 |
| Support | 110.10 | H4 |
USDJPY, H4: USDJPY has recently broke out from the top level of downward channel, signaling a change in trend direction to move further upwards. As both MA lines has recently formed a golden cross formation, it is expected to move further up towards the target of resistance level at 111.60.
Resistance level: 111.60, 112.25
Support level: 110.10, 108.80