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USDJPY continues its upside run

The momentum to the upside in the USDJPY has continued. Technically, the price raced above the 38.2% after the better ADP/initial claims data at 132.81. The price also moved above the 50% of the 2022 trading range for the pair on the daily chart below at 132.70. That midpoint was tested yesterday and stalled the rally.

In the early European session today, the midpoint off the daily was broken, but could not be sustained. The price rotated back to retest the 200 hour MA (see green line... Read More

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Usdjpy

Continues

Upside

Forex

Posted: Jan 5 2023, 16:32

Author Name: forexlive

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