GCMAsia - USDJPY
USDJPY
2017-10-30
| Resistance and Support | Level | Explanation |
| Resistance | 114.30 | Daily |
| Support | 113.00 | Daily |
USDJPY, Daily: USDJPY was traded lower following prior retrace from the strong resistance level near 114.30. MACD histogram which begins to illustrate diminishing upward signal suggest USDJPY to experience technical correction and to be traded lower in short-term. First target will be near the 20-MA line (red) of 113.00.
Resistance level: 114.30, 115.15
Support level: 113.00, 111.65