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USDJPY buyers back in control, but pair is still in the up and down range.

USDJPY buyers back in control, but pair is still in the up and down range.
The USDJPY moved to new highs earlier in the day and in the process ticked above the 145.90 swing area target. However, dollar by momentum slowed, yields dipped off highs, and it impacted the price of the USDJPY. The low price in the US session moved back below the 200 and 100-hour moving averages at 145.619 and 145.546. The low price reached 145.42 but could not go any further. Drilling down to the 5 minute chart, the correction off the high retraced to the rising 100 bar moving average (blue... Read More
Posted: Aug 24 2023, 16:52
Author Name: forexlive
Views: 102250

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