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The USDJPY is moving toward the 50% midpoint of the trading range since the Dec 15 high
The USDJPY moved lower in the Asian session and found support buyers against the high of a swing area between 131.297 and 131.567 (see green numbered circles) . The low for the day reach 131.574 before bouncing to the upside in the European session.
The North American session has seen the price extend further to the upside. The high price just reached 132.603. That is within eight pips of the 50% midpoint level at 132.689. There is also a swing area between 132.70 and 132.87 (see red an... Read More
Posted: Feb 6 2023, 14:42
Author Name: forexlive
Views: 111587
