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GCMAsia - USDJPY
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

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