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120121 USDJPY

by | Jan 12, 2021 | USD/JPY | 0 comments

GCMAsia-USDJPY
USDJPY
USDJPY
2021-01-12

USDJPY, H4: USDJPY was traded higher while currently testing near the resistance level 104.25. However, MACD which illustrate diminishing bullish momentum signal with the starting formation of death cross suggest the pair to experience a technical correction towards the support level 103.20.

 

Resistance level: 104.25, 105.10

Support level: 103.20, 102.15