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200918 USDJPY

by | Sep 20, 2018 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2018-09-20
Resistance and Support Level Explanation
Resistance 112.20 H4
Support 111.95 H4

USDJPY, H4: USDJPY was recently traded lower following prior breakout below the previous support level 112.20. MACD which illustrate bearish momentum and the formation of a death cross suggest the pair to extend its losses towards the support level 111.95.

 

Resistance level: 112.20, 112.60

Support level: 111.95, 111.65