GCMAsia - USDJPY
USDJPY
2017-05-18
| Resistance and Support | Level | Explanation |
| Resistance | 111.25 | H4 |
| Support | 110.50 | H4 |
USDJPY, H4: USDJPY has extended its losses following prior formation of death cross by both MA lines. However, recent rebound from support level of 110.50 suggests USDJPY to be traded higher in short-term as brief retracement. Likewise, long-term trend direction still suggests USDJPY to extend its losses.
Resistance level: 111.25, 112.00
Support level: 110.50, 109.60