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USDJPY breaks to a new high. Above 61.8% of move down from the 2022 high.

USDJPY extends above retracement level The USDJPY has continued its run to the upside getting above the 61.8% retracement of the move down from the 2022 hi. That level comes in at 142.49. The current price is trading at 142.68 after reaching a high price of 142.754. Close support will now be at the 61.8% retracement level (at 142.49). More conservative support would be at the swing high going back to November 11, 2022 at 142.246. Recall, the high price from Tuesday's trade stalled right at that... Read More

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Content Topics

Usdjpy

Breaks

High

Above

61 Move

Down

From

2022

Forex

Posted: Jun 22 2023, 15:01

Author Name: forexlive

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