GCMAsia - USDJPY
USDJPY
2017-03-27
| Resistance and Support | Level | Explanation |
| Resistance | 111.65 | Daily |
| Support | 109.90 | Daily |
USDJPY, Daily: USDJPY has extended its losses following prior breakout from the lower level of sideways channel, signifying a change in trend direction to move further downwards. As the downward signal from MACD histogram continues to expand downwards, a successful closure below the support level of 109.90 would suggest USDJPY to extend its downward momentum thereafter.
Resistance level: 111.65, 113.50, 115.55
Support level: 109.90, 108.45