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USD/JPY inches closer towards key resistance point

There's not much in terms of headlines driving the move as we get into European trading, with the pair now nudging higher to 136.80 levels. It looks just like a further technical extension as buyers are moving towards testing the 200-day moving average (blue line) at 137.04 currently.That remains a key level in terms of limiting gains, alongside the March and early May highs around the 137.77-90 region. Or if you want to put it, a resistance region just under the 138.00 mark.Buyers will have to... Read More

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Usd

Jpy

Inches

Closer

Towards

Resistance

Point

Usd jpy

Forex

Posted: May 17 2023, 06:24

Author Name: forexlive

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