GCMAsia - USDJPY
USDJPY
2017-03-24
| Resistance and Support | Level | Explanation |
| Resistance | 111.55 | H1 |
| Support | 111.10 | H1 |
USDJPY, H1: USDJPY was traded higher following prior closure above both moving average line. Referring to the indicator from MACD which continues to hover outside of downward momentum, USDJPY may extend its retracement period and continue to be traded higher in the short-term. Otherwise, long-term trend direction still suggests the extension of downtrend.
Resistance level: 111.55, 112.15
Support level: 111.10, 110.60