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020119 USDJPY-Noon

by | Jan 2, 2019 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2019-01-02
Resistance and Support Level Explanation
Resistance 109.75 H4
Support 109.20 H4

USDJPY, H4: USDJPY was traded lower following prior breakout below the previous support level 109.75. MACD which illustrate persistent bearish momentum with the formation of death cross suggest the pair to extend its losses towards the support level 109.20

 

Resistance level: 109.75, 110.30

Support level: 109.20, 108.75