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USDJPY: Bear-Trap Underpins But Action Remains Capped by 100DMA

USDJPY: Bear-Trap Underpins But Action Remains Capped by 100DMA
The USDJPY is holding in extended directionless mode, consolidating around 140 handle after last week’s heavy losses (the pair was down 5.7% for the week). Sharp fall found firm ground at 138.62/14 zone (base of ascending thick daily cloud / Fibo 61.8% of 130.39/151.94 upleg). Failure to register close below these levels generated initial signal […] The post USDJPY: Bear-Trap Underpins But Action Remains Capped by 100DMA appeared first on Action Forex... Read More
Posted: Nov 18 2022, 10:58
Author Name: actionforex
Views: 102385

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