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The USDJPY corrects lower today, but are the buyers winning? Not now.

The USDJPY corrects lower today, but are the buyers winning? Not now.
The USDJPY has corrected lower in trading today after reaching the highest level since November 10 on Friday and extending above the 61.8% retracement on Thursday's trade at 142.492. That retracement level down to a swing level at 142.246 is now a bias-defining level on the daily chart. That is, the price would need to move below that area to increase the bearish bias. Absent that and the buyers are still more in control.Join to the hourly chart, the price did correct lower in trading today, but... Read More
Posted: Jun 26 2023, 16:02
Author Name: forexlive
Views: 102593

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