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300517 USDJPY

by | May 30, 2017 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2017-05-30
Resistance and Support Level Explanation
Resistance 111.45 H4
Support 110.85 H4

USDJPY, H4: USDJPY has recently formed a head and shoulders pattern, while currently testing at the neckline of 110.85. A closure below the neckline would suggest USDJPY to extended its losses to the next target of support level at 110.20.

 

Resistance level: 111.45, 112.10

Support level: 110.85, 110.20