GCMAsia - USDJPY
USDJPY
2017-04-21
| Resistance and Support | Level | Explanation |
| Resistance | 109.65 | H4 |
| Support | 109.10 | H4 |
USDJPY, H4: USDJPY was traded higher following prior rebound from the 20-moving average line (red). Referring to the MACD indicator which continues to hover outside of upward momentum, USDJPY is suggested to be traded lower in short-term as technical correction. Otherwise, long-term trend direction still suggests USDJPY to advance further upwards.
Resistance level: 109.65, 110.15
Support level: 109.10, 108.10