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GCMAsia - USDJPY
USDJPY
USDJPY
2017-06-23
Resistance and Support Level Explanation
Resistance 111.45 H1
Support 111.10 H1

USDJPY, H1: USDJPY remains traded within a downward channel while currently testing at the top level. Both moving average line which continues to narrow upwards suggests higher possibility for a breakout to occur from the top level and signal a change in trend direction to move further upwards thereafter.

 

Resistance level: 111.45, 111.75

Support level: 111.10, 110.80

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