GCMAsia - USDJPY
USDJPY
2017-04-27
| Resistance and Support | Level | Explanation |
| Resistance | 111.40 | H1 |
| Support | 110.95 | H1 |
USDJPY, H1: USDJPY were traded lower following prior retrace from the 20-moving average line (red). As the MACD indicator remains hovered outside of upward momentum, USDJPY is expected to be traded lower in the short-term as technical correction. Long-term trend direction suggests USDJPY to extend its uptrend.
Resistance level: 111.40, 111.75
Support level: 110.95, 110.45