GCMAsia - USDJPY

USDJPY
2021-05-11

USDJPY, H4: USDJPY was traded higher while currently testing near the resistance level 109.05. MACD which illustrate diminishing bearish momentum signal with the starting formation of golden cross suggest the pair to extend its gains after it breaks above the level.
Resistance level: 109.05, 109.75
Support level: 108.45, 107.60