GCMAsia - USDJPY
USDJPY
2017-08-18
| Resistance and Support | Level | Explanation |
| Resistance | 109.55 | H1 |
| Support | 109.20 | H1 |
USDJPY, H1: USDJPY extended its losses following prior downward expansion of both moving average line after the formation of death cross. Such signal from both MA lines suggests further downside bias for USDJPY to advance towards the next target at 109.20.
Resistance level: 109.55, 109.80
Support level: 109.20, 108.70