83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - USDJPY
USDJPY
USDJPY
2019-02-28

USDJPY, H4: USDJPY was traded in a sideways channel following prior retracement from the top level. MACD which illustrate diminishing upward momentum suggests the pair to be traded lower in short-term, towards the direction of 110.50.

 

Resistance level: 111.00, 111.45

Support level: 110.50, 110.00