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USDJPY makes new highs. EURUSD new lows as dollar continues to move higher

USDJPY makes new highs. EURUSD new lows as dollar continues to move higher
The USDJPY is continuing its move to the upside trading to a new session high of 142.975 just short of the natural resistance at 143.00. The move to the upside takes the price further away from its 61.8% retracement of the move down from the 2022 high to the 2023 low. That level comes in at 142.492 (call it 142.50). Looking at the daily chart there is not a lot of resistance. There is a swing area up near 144.98 – 145.90. Risk on the daily chart is now a move below the 61.8% retracement and swi... Read More
Posted: Jun 22 2023, 17:02
Author Name: forexlive
Views: 110176

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