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USDJPY continues its run to the upside. 100 hour MA was a key support base this week.
The USDJPY has moved higher (lower JPY) despite higher inflation data out of Japan today. The move higher this week was kickstarted yesterday after the pair broke above a swing area between 142.24 and 142.49. The price also moved above the 61.8% retracement level of the move down from the 2022 high to the 2023 low. Getting above that area open the door for further upside probing and the market has responded. The high price today has reached 143.856.Looking at the daily chart, there is room to r...
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Posted: Jun 23 2023, 17:00
Author Name: forexlive
Views: 112311