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280717 USDJPY

by | Jul 28, 2017 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2017-07-28
Resistance and Support Level Explanation
Resistance 111.85 Daily
Support 110.85 Daily

USDJPY, Daily: USDJPY were traded within an ascending triangle while currently testing near the strong support level of 110.85. MACD histogram which illustrates substantial downward signal suggests USDJPY to extend its losses after closing below 110.85.

 

Resistance level: 111.85, 112.85, 114.30

Support level: 110.85, 110.00