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090119 USDJPY

by | Jan 9, 2019 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2019-01-09
Resistance and Support Level Explanation
Resistance 109.45 H1
Support 108.55 H1

USDJPY, H1: USDJPY was traded higher following prior rebound from the support level at 108.55. MACD which illustrate diminishing of bearish momentum and the formation of golden cross suggest the pair to extend its gains toward the resistance level at 109.45.

Resistance level: 109.45, 110.25

Support level: 108.55, 107.70