GCMAsia - USDJPY

USDJPY

USDJPY, H4: USDJPY was traded higher while currently testing near the resistance level 111.45. MACD which illustrate diminishing bullish momentum suggest the pair to undergo short-term technical correction and retrace towards the support level 110.95.
Resistance level: 111.45, 112.00
Support level: 110.95, 110.35