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USD/JPY: Bulls Taking a Breather after Strong Rally on Friday
The USDJPY eases from new nine-week high on Monday, as bulls faced strong headwinds at 136.44 (Fibo 38.2% retracement of 151.94/127.22) and ahead of converged 100/200DMA’s which are forming a bear-cross, prompting traders to collect some profits after last Friday’s 1.3% advance (the biggest daily gains since Feb 3). Larger bulls started to lose traction, […] The post USD/JPY: Bulls Taking a Breather after Strong Rally on Friday appeared first on Action Forex...
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Posted: Feb 27 2023, 15:50
Author Name: actionforex
Views: 102536