GCMAsia - USDJPY
USDJPY
2017-05-17
| Resistance and Support | Level | Explanation |
| Resistance | 112.90 | H4 |
| Support | 112.00 | H4 |
USDJPY, H4: USDJPY was traded lower following prior closure below the Fibonacci level of 23.6 at 112.90. As MACD histogram portrays downward signal while both MA lines continue to narrow downwards, USD/JPY is expected to extend its downward momentum towards the target of support level at 112.00
Resistance level: 112.90, 114.35
Support level: 112.00, 111.25