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280119 USDJPY-Noon

by | Jan 28, 2019 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2019-01-28
Resistance and Support Level Explanation
Resistance 109.90 H4
Support 109.35 H4

USDJPY, H4: USDJPY remains traded within a sideways channel while currently testing near the bottom level. MACD which has formed a death cross signal suggests the pair to advance further downwards after successfully closing below 109.35.

 

Resistance level: 109.90, 110.25

Support level: 109.35, 108.95