GCMAsia - USDJPY

USDJPY
2019-09-27

USDJPY, H4: USDJPY was traded higher following prior breakout above the previous resistance level 107.55. However, MACD which illustrate diminishing bullish momentum signal suggest the pair to experience a short term technical correction towards back the current support level 107.55.
Resistance level: 108.35, 109.20
Support level: 107.55, 107.00