GCMAsia - USDJPY

USDJPY
2019-08-08

USDJPY, H1: USDJPY was traded lower following prior retracement from its higher levels. MACD which illustrate diminishing upward momentum suggests the pair to be traded lower in short-term after closing below the 20-MA line (red).
Resistance level: 106.50, 107.25
Support level: 105.60, 104.85