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290519 USDJPY-Noon

by | May 29, 2019 | USD/JPY | 0 comments

GCMAsia - USDJPY
USDJPY
USDJPY
2019-05-29

USDJPY, H4: USDJPY remain traded in a sideway channel while currently testing the support level 109.25. However, due to lack of momentum and direction from MACD, a breakout above the resistance level 109.75 or below the support level 109.25 is required to attain further confirmation before entering the market.

 

Resistance level: 109.75, 110.00

Support level: 109.25, 109.05