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USDJPY moves back toward unchanged on the day

The USDJPY traded lower in the US session (see 4-hour chart above), but did find support near the high of a swing area between 144.898 and 145.07. The low price for the day reached 145.10.The price has rebounded back toward the close from yesterday at 145.54. Of significance is that the price of the USDJPY has been up for 6 consecutive days. During that time the price has moved up from 141.50 up to a high of 145.859. The closing level should be a barometer for bullish above/bearish below. With a... Read More

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Posted: Aug 15 2023, 17:44

Author Name: forexlive

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