|Resistance and Support||Level||Explanation|
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