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The USDJPY is one of the biggest movers of the day. Price is above 50%/61.8% of July range

The USDJPY is one of the biggest movers of the day. Price is above 50%/61.8% of July range
The USDJPY is a big mover today with a gain of 0.84% on the day. That move to the upside took the price above the 50% midpoint of the move down from the June 30 high. The level came in at 141.149. Buying intensified.The rotation to the upside saw the price of the USDJPY move to and through the next target swing area between 141.84 to 142.073. The upper level corresponds with the 61.8% retracement of the same move down.Technically if the price can remain above that swing area, the buyers are in... Read More
Posted: Jul 31 2023, 13:15
Author Name: forexlive
Views: 080842

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