GCMAsia-USDJPY
USDJPY
2021-05-12
USDJPY, H4: USDJPY remain traded in a sideway channel following recent rebound from the support level. However, MACD which illustrate bullish momentum signal with the formation of golden cross suggest the pair to extend its rebound in short term towards the resistance level 109.05.
Resistance level: 109.05, 109.75
Support level: 108.45, 107.60