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291119 USDJPY

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

GCMAsia - USDJPY
USDJPY
USDJPY
2019-11-29

USDJPY, H4: USDJPY was traded higher following prior rebound from the support level at 109.40.  However, MACD which illustrated diminishing bullish momentum suggest the pair to undergo short term technical correction toward the support level.

 

Resistance level: 109.80, 110.25

Support level: 109.40, 109.00