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121219 USDJPY

by | Dec 12, 2019 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2019-12-12

USDJPY, H4: USDJPY was traded higher following prior rebound from the support level at 108.45. However, MACD which illustrate diminishing bullish momentum and the formation of death cross suggest the pair to undergo short term technical correction toward the resistance level at 108.45.

 

Resistance level: 109.00, 109.40

Support level: 108.45, 107.95