83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - USDJPY
USDJPY
USDJPY
2018-03-20
Resistance and Support Level Explanation
Resistance 106.30 H4
Support 105.80 H4

USDJPY, H4: USDJPY was traded in consolidation between resistance level at 106.30 and support level at 105.80. A lack of obvious signal from both candlestick pattern and MACD histogram would suggest to wait for confirmation breakout to grasp the next movement of the pair in nearer term.

Resistance level: 106.30, 107.10

Support level: 105.80, 105.40