GCMAsia - USDJPY
USDJPY
2017-04-18
| Resistance and Support | Level | Explanation |
| Resistance | 109.40 | H1 |
| Support | 108.95 | H1 |
USDJPY, H1: USDJPY was traded lower following prior retracement while currently testing near the support level of 108.95. Prior retracement suggests USDJPY to experience brief technical correction and to be traded lower in the short-term. However, long-term trend direction suggests USDJPY to advance further up as MACD histogram indicator continues to illustrate upward signal and momentum.
Resistance level: 109.40, 109.90
Support level: 108.95, 108.55, 108.10