GCMAsia - USDJPY
USDJPY
2017-06-29
| Resistance and Support | Level | Explanation |
| Resistance | 112.45 | H4 |
| Support | 111.80 | H4 |
USDJPY, H4: USDJPY were traded higher following prior rebound from the support level of 111.80. However, as the MACD indicator begins to hover outside of upward momentum, USDJPY may experience brief technical correction and to be traded lower in short-term. Otherwise, long-term trend direction suggests USDJPY to move further upwards after breaking the resistance level at 112.45.
Resistance level: 112.45, 113.05
Support level: 111.80, 111.15