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170717 USDJPY

by | Jul 17, 2017 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2017-07-17
Resistance and Support Level Explanation
Resistance 112.85 Daily
Support 111.85 Daily

USDJPY, Daily: USDJPY remained traded within an ascending triangle following prior retracement from the top level. Recent closure below the 20-MA line (red) suggests USDJPY to be traded lower in short-term, towards the support level 111.85.

 

Resistance level: 112.85, 114.30

Support level: 111.85, 110.85