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USDJPY corrects higher to broken 38.2% retracement level at 139.176. Battles is on now.

The USDJPY moved to a new low going back to May 17 today, and in the process dipped below the 50% midpoint of the move up from the March 23 low at 137.355, and sniffed the 200-day moving average at 137.150. The low price reached 137.23 between those 2 key technical levels. The subsequent move to the upside has taken the price back above a swing area near 138.73 and 138.897, and up to the broken 38.2% retracement of the same move up from the March 23 low. That level comes in at 139.176. The high... Read More

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Content Topics

Usdjpy

Corrects

Higher

Broken

38 Retracement

Level

139 176

Battles

Forex

Posted: Jul 14 2023, 14:28

Author Name: forexlive

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