GCMAsia - USDJPY
USDJPY
2017-10-31
| Resistance and Support | Level | Explanation |
| Resistance | 113.70 | H4 |
| Support | 113.00 | H4 |
USDJPY, H4: USDJPY has recently broke out from the bottom level of upward wedge while currently testing at the support level of 113.00. Both moving average line which continues to narrow downwards suggest an ongoing bearish bias. Thus, a close below the target of 113.00 would suggest the pair to extend its losses.
Resistance level: 113.70, 114.30
Support level: 113.00, 112.50