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USDJPY falls below 100 hour MA, but 200 hour MA (& lows from Thurs/Fri) are stalling fall

The USDJPY moved below its 100-hour moving average earlier today at 149.82. The break below that MA (blue line) has taken the price to the 200 hour moving average at 149.649 (green line), and the low prices from Thursday and Friday at 149.64. Both those levels would need to be broken to increase the bearish bias and have traders looking toward a swing area between 149.47 and 149.54. Move below that area, and the next target would be the 38.2% retracement of the move up from the October low (re... Read More

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Content Topics

Usdjpy

Falls

Below

Hour

Lows

From

Thurs

Fri

Stalling

Thurs fri

Forex

Posted: Oct 23 2023, 18:40

Author Name: forexlive

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