GCMAsia - USDJPY

USDJPY
2019-08-21

USDJPY, H4: USDJPY was traded lower following prior retrace from the top level of sideways channel. MACD which forms a bearish signal suggests the pair to be traded lower after closing below the 60-MA line (green).
Resistance level: 106.80, 107.25
Support level: 105.60, 105.05