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USDJPY consolidates but below the 100 hour MA at 138.457

The USDJPY has tried to move above its 100 hour moving average at 138.457 (blue line in the chart below). The price moved above that moving average during trading yesterday, and could not sustain the momentum. Today, the price tried again but again failed. Getting and staying above that level is key if the buyers are to take more control going forward.Absent that and key support down near the 100 and 200-day moving averages near 137.06 (blue and green lines on the chart below), and a swing area... Read More

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Content Topics

Usdjpy

Consolidates

Below

Hour

138

457 138 457

Forex

Posted: Jul 18 2023, 13:45

Author Name: forexlive

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