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USDJPY bounces off 100 hour MA. What next?

The USDJPY has been stepping lower today after trading at the highest level since November 2022. That high price at 142.247 bested the November 21 high at 142.246 by the slimmest of margins, but quickly turned around (see daily chart). The subsequent move to the downside has seen the price stall against the 100-hour MA in the last hour or so of trading. Buyers have leaned against the level on the 1st test. That increases the levels importance going forward. It will take a move below the 100 ho... Read More

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Posted: Jun 20 2023, 18:32

Author Name: forexlive

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