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
2020-07-30

USDJPY, H4: USDJPY was traded flat after recent breakout below the previous support level 105.40. However, MACD which illustrate bullish bias signal with the formation of golden cross suggest the pair to be traded higher in short term towards the resistance level 105.40.

 

Resistance level: 105.40, 106.00

Support level: 104.60, 103.65