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170521 USDJPY-Noon

by | May 17, 2021 | USD/JPY | 0 comments

GCMAsia-USDJPY
USDJPY
USDJPY
2021-05-17

USDJPY, H4: USDJPY was traded lower following recent retracement from the resistance level 109.75. MACD which illustrate bearish momentum signal with the formation of death cross suggest the pair to extend its retracement towards the support level 109.05.

 

Resistance level: 109.75, 110.45

Support level: 109.05, 108.45