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USD/JPY: Initial Reversal Signal Needs Confirmation on Extension Above 140
The USDJPY is consolidating above rising daily cloud in early Monday, trying to capitalize from initial reversal signals (strong rejection above converged 100/200DMA’s / two week downtrend contained by weekly cloud top / Friday’s bullish engulfing and close above daily cloud top). Recovery was so far limited by initial Fibo resistance at 139.08 (23.6% of […] The post USD/JPY: Initial Reversal Signal Needs Confirmation on Extension Above 140 appeared first on Action Forex...
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Posted: Jul 17 2023, 11:02
Author Name: actionforex
Views: 112292