GCMAsia - USDJPY
USDJPY
2017-05-24
| Resistance and Support | Level | Explanation |
| Resistance | 112.00 | H1 |
| Support | 111.55 | H1 |
USDJPY, H1: USDJPY has recently broke out from the top level of downward channel, signaling a change in trend direction to move further upwards. As both MA line continues to expand upwards after golden cross formation, a closure above the resistance level of 112.00 would suggest USDJPY to extend its upward momentum.
Resistance level: 112.00, 112.55
Support level: 111.55, 111.00