GCMAsia - USDJPY
USDJPY
2017-03-31
| Resistance and Support | Level | Explanation |
| Resistance | 112.15 | H4 |
| Support | 111.40 | H4 |
USDJPY, H4: USDJPY was traded higher following prior rebound from the 20-moving average line (red) while closing above the strong resistance level of 111.40. With regards to the MACD histogram which continues to illustrate upward signal and momentum, USDJPY is expected to move further upwards after breaking the resistance level of 112.15.
Resistance level: 112.15, 112.80
Support level: 111.40, 110.10