GCMAsia - USDJPY
USDJPY
2017-03-29
| Resistance and Support | Level | Explanation |
| Resistance | 114.50 | H1 |
| Support | 111.15 | H1 |
USDJPY, H1: USDJPY was traded higher following prior rebound from the support level of 110.10 while both moving average line formed a golden cross. Referring to the MACD histogram which illustrates upward signal and momentum, USDJPY is expected to extend its gains towards the next target at resistance level of 111.50.
Resistance level: 114.50, 111.80
Support level: 111.15, 110.75