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USDJPY bounces off swing area support and toward low of consolidation area

USDJPY bounces off swing area support and toward low of consolidation area

The USDJPY has been trading MOSTLY between the 129.01 to 130.60 area over the last nine trading days. There were field breaks above on January 23 of January 24 respectively, but resistance was reestablished at 130.60 last week and again earlier this week, before moving to the downside yesterday. The price close below the lower end of that swing area yesterday, and continued lower in the early Asian session.

A bounce in the early European session took the price back above the 129.01 lev... Read More

Posted: Feb 2 2023, 15:48
Author Name: forexlive
Views: 111979

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