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200520 USDJPY-Noon

by | May 20, 2020 | USD/JPY | 0 comments

GCMAsia-USDJPY
USDJPY
USDJPY
2020-05-20

USDJPY, H4: USDJPY was traded higher while currently testing near the resistance level 107.95. However, MACD which illustrate diminishing bullish momentum signal suggest the pair to be traded lower as a technical correction towards the support level 107.35.

 

Resistance level: 107.95, 108.55

Support level: 107.35, 106.50