GCMAsia - USDJPY

USDJPY
2020-08-03

USDJPY, H4: USDJPY was traded higher while currently testing near the resistance level 106.05. However, MACD which illustrate diminishing bullish momentum signal suggest the pair to experience a technical correction in short term towards the support level 105.25.
Resistance level: 106.05, 106.70
Support level: 105.25, 104.35