GCMAsia - USDJPY
USDJPY
2017-05-25
| Resistance and Support | Level | Explanation |
| Resistance | 111.75 | H1 |
| Support | 111.45 | H1 |
USDJPY, H1: USDJPY remained traded within an upward channel following prior retracement from the top level of the channel. However, as Stochastic Oscillator still illustrate a rebound signal from the oversold region, a closure above the resistance level of 111.75 would suggest USDJPY to advance further up towards the upper level of the channel thereafter.
Resistance level: 111.75, 112.10
Support level: 111.45, 111.15