|Resistance and Support||Level||Explanation|
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