GCMAsia - USDJPY
USDJPY
2017-03-23
| Resistance and Support | Level | Explanation |
| Resistance | 114.85 | H4 |
| Support | 110.70 | H4 |
USDJPY, H4: USDJPY was traded higher following a successful rebound near the support level of 100.70. With regards to the downward signal line from MACD histogram which begins narrow upwards, USDJPY is expected to be traded higher in the short-term as technical correction. Otherwise, long-term trend direction still suggests USDJPY to extend its downtrend due to downward expansion of both MA lines.
Resistance level: 114.85, 112.55
Support level: 110.70, 110.15