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200819 USDJPY-Noon

by | Aug 20, 2019 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2019-08-20

USDJPY, H4: USDJPY was traded higher while currently testing near the resistance level 106.70. However, MACD which display diminishing bullish momentum suggest the pair to undergo short-term technical correction and retrace towards the support level 106.00.

 

Resistance level: 106.70, 107.25
Support level: 106.00, 105.60