GCMAsia - USDJPY
USDJPY
2018-07-26
| Resistance and Support | Level | Explanation |
| Resistance | 111.25 | H4 |
| Support | 110.70 | H4 |
USDJPY, H4: USDJPY resumed its major downtrend following prior retracement from the 20-MA line (red). Both MA line which continues to expand downwards suggests further bearish bias. Thus, a close below the support level of 110.70 will further validate the downside signal.
Resistance level: 111.25, 111.95
Support level: 110.70, 110.15