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USD/JPY: Recovery Regains Traction But Needs Break Through Key Barriers to Signal Continuation
USDJPY accelerated higher on Wednesday and dented psychological 140 barrier (reinforced by falling 10DMA), the lower boundary of pivotal resistance zone at 140.00/22 (140.22 is Fibo 38.2% of 145.06/137.23 bear-leg). Fresh strength adds to reversal signals after recovery started last Friday, forming bullish engulfing pattern, but paused on Mon /Tue (double-Doji), though kept bullish bias […] The post USD/JPY: Recovery Regains Traction But Needs Break Through Key Barriers to Signal Continuation ap...
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Posted: Jul 19 2023, 13:52
Author Name: actionforex
Views: 080945