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USDJPY mired in a narrow trading range. There is always tomorrow.

USDJPY mired in a narrow trading range. There is always tomorrow.
The USDJPY remains mired in a very narrow trading range for the day. The low to high range is only 66 pips. The average of the last 22 trading days is 128 pips (range is 52% of what is normal over the last month). Looking at the hourly chart, the lows today were nearly low from Friday's corrective move after the US jobs report. It was also near a swing area going back in time (see red numbered circles). That area comes between 134.616 and 134.724.On the topside, the price over the last hour or s... Read More
Posted: May 8 2023, 19:26
Author Name: forexlive
Views: 102668

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