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USDJPY breaks above the 140.00 level. What next?

USDJPY breaks above the 140.00 level. What next?
The USDJPY is breaking above the 140.00 level. There was a bunch of option expiry's at the 140.00 level today and after 10 AM ET option expiration time, the price rotated higher and has since broken above that level. The next target in the USDJPY comes against the 38.2% retracement of the move down from the end of June high. That level comes at 140.22. There is a swing area up to 140.452 (see video outlining that level).The 50% midpoint of the move down from the end of June high comes in at 141... Read More
Posted: Jul 20 2023, 14:33
Author Name: forexlive
Views: 080954

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