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USD/JPY flirts with key resistance region, 140 being eyed next?
This builds on yesterday's post here. As the dollar continues to hold firm, the pair is now testing key resistance around 137.77-91 and may be on the verge of a stronger breakout. The jump up above the 200-day moving average (blue line) yesterday was encouraging but a break above 138.00 would seal the deal for buyers.In turn, that is likely to lead towards a push to 140.00 next for the pair.But first, buyers will have to break past the above hurdle and while they are looking poised, it might not...
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Posted: May 18 2023, 08:04
Author Name: forexlive
Views: 081557