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USD/JPY: Key Barriers in Focus But Consolidation Likely to Precede Attack

USD/JPY: Key Barriers in Focus But Consolidation Likely to Precede Attack
Strong bullish acceleration extends into fifth straight day and cracks 200DMA (137.05), with key barriers at 137.77 (May 2 top) and 137.90 (Mar 8) in focus. Daily studies in full bullish setup support the action, along with last Thursday’s strong downside rejection at the trendline support/55DMA (which left a bear-trap) and subsequent rally on Friday […] The post USD/JPY: Key Barriers in Focus But Consolidation Likely to Precede Attack appeared first on Action Forex... Read More
Posted: May 17 2023, 09:01
Author Name: actionforex
Views: 092068

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