GCMAsia - USDJPY
USDJPY
2017-06-21
| Resistance and Support | Level | Explanation |
| Resistance | 111.60 | H4 |
| Support | 110.90 | H4 |
USDJPY, H4: USDJPY was traded lower following prior retracement and closure below the support level of 111.60. As the MACD indicator suggests weak upward momentum, a closure below the 20-moving average line would suggest USDJPY to extend its technical correction towards the support level of 110.90.
Resistance level: 111.60, 112.25
Support level: 110.90, 110.10