GCMAsia - USDJPY
USDJPY
2019-07-02
USDJPY, H4: USDJPY was traded higher following prior breakout above the previous resistance level 108.20. However, MACD which illustrate diminishing bullish momentum suggest the pair to retrace towards the support level 108.20 as a short-term technical correction.
Resistance level: 108.70, 109.15
Support level: 108.20, 107.80