GCMAsia - USDJPY
USDJPY
2017-10-16
| Resistance and Support | Level | Explanation |
| Resistance | 112.85 | Daily |
| Support | 111.65 | Daily |
USDJPY, Daily: USDJPY pared some losses following a rebound from the strong support level at 111.65. Such price action suggests further bullish bias for the pair to extend its upward momentum towards the first target at 20-MA line (red) followed by the resistance level at 112.85.
Resistance level: 112.85, 114.35
Support level: 111.65, 110.85