GCMAsia - USDJPY

USDJPY
2019-06-07

USDJPY, H1: USDJPY was traded higher following prior breakout above the previous resistance level at 108.40. However, MACD which illustrate diminishing bullish momentum suggests the pair to be traded lower in short term toward the support level at 108.40.
Resistance level: 108.80, 109.20
Support level: 108.40, 107.85