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100719 USDJPY

by | Jul 10, 2019 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2019-07-10

USDJPY, H4: USDJPY was traded higher following prior rebound from the support level 108.70. However, MACD which illustrate diminishing bullish momentum suggest the pair to retrace back towards the support level 108.70 as a short-term technical correction.

 

Resistance level: 109.15, 109.70
Support level: 108.70, 108.20