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USDJPY moves toward the 38.2% of the move up and bounces

The JPY is the weakest of the major currencies now, helped by a decline in the USDJPY which yesterday stalled at the high from January 11. Today, the price has been stepping lower. In the US morning session, a further move to the downside, has seen the price move below a swing area between 131.297 and 131.567 and down to a low of 131.11. That was near the swing high from January 24 which was tested on Friday (on the run higher after the US jobs report). Yesterday, the price gapped above that... Read More

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Usdjpy

Moves

Toward

38 Move

Bounces

Forex

Posted: Feb 7 2023, 17:13

Author Name: forexlive

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