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200817 USDJPY

by | Aug 30, 2017 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2017-08-30
Resistance and Support Level Explanation
Resistance 109.90 H4
Support 109.60 H4

USDJPY, H4: USDJPY was traded higher following a sharp rebound from the support level of 108.25. Both MA line which begins to narrow upwards suggests USDJPY to extend its upward momentum after successfully closing above the resistance level of 109.90.

 

Resistance level: 109.90, 110.35

Support level: 109.60, 109.30