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USDJPY holding the 100 hour MA going into the weekend.Barometer for buyers and sellers now

The USDJPY moved lower today, coming off the boil a bit (see videos here and here).The drift lower started against a channel trend line against swing highs from this week (green numbered circles). The lows have inched below the lower channel trend line but stalled ahead of the rising 100-hour MA (blue line) currently at 144.19. The low for the day has reached 144.194. What next?We are heading into the close and it looks like the price will remain above the 100-hour moving average. That will lea... Read More

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Usdjpy

Holding

Hour

Going

Into

Weekend

Barometer

Buyers

Weekend barometer

Sellers

Forex

Posted: Jun 30 2023, 19:39

Author Name: forexlive

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