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250520 USDJPY-Noon

by | May 25, 2020 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2020-05-25

USDJPY, H4: USDJPY was traded higher following prior rebound from the support level 107.35. MACD which illustrate diminishing bearish bias signal with the starting formation of golden cross suggest the pair to extend its gains towards the resistance level 108.05.

 

Resistance level: 108.05, 108.55

Support level: 107.35, 106.50