GCMAsia - USDJPY
USDJPY
2017-05-31
| Resistance and Support | Level | Explanation |
| Resistance | 112.15 | Daily |
| Support | 110.60 | Daily |
USDJPY, Daily: USDJPY continued to hover near the support level of 110.60, suggesting a strong support down ahead. A rebound from this level would suggest an extension of technical retracement and to be traded higher in short-term. Otherwise, as MACD histogram continues to illustrate substantial downward signal, a closure below the level of 110.60 would suggest USDJPY to extend is downward momentum.
Resistance level: 112.15, 113.40
Support level: 110.60, 108.10