83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - USDJPY
USDJPY
USDJPY
2017-06-28
Resistance and Support Level Explanation
Resistance 112.70 Daily
Support 111.80 Daily

USDJPY, Daily: USDJPY remained traded within a narrowing triangle while recently closed above the strong resistance level of 111.80. Both MA lines which continues to narrow upwards suggests USDJPY to advance further up towards the resistance level of 112.70.

 

Resistance level: 112.70, 113.90

Support level: 111.80, 110.95