GCMAsia - USDJPY
USDJPY
2017-04-19
| Resistance and Support | Level | Explanation |
| Resistance | 108.55 | H1 |
| Support | 108.30 | H1 |
USDJPY, H1: USDJPY remains traded within an ascending triangle while currently testing at the bottom level of the triangle. A breakout from this level would signal a change in trend direction to move further downwards thereafter. Otherwise, a rebound would suggest USDJPY to be traded higher in short-term within the ascending triangle.
Resistance level: 108.55, 108.80, 109.20
Support level: 108.30, 108.00