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160419 USDJPY

by | Apr 16, 2019 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2019-04-16

USDJPY, H4: USDJPY was traded flat following prior retracement from the resistance level 112.10. However, MACD which display bearish bias signal with the formation of death cross suggest the pair to be traded lower towards the support level 111.75.

 

Resistance level: 112.10, 112.70

Support level: 111.75, 111.30