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USDJPY playing the technical ranges with MAs above/swing area below

The USDJPY is waffling up and back down. The day started with support in the Asian session held against a swing area at 138.73 and 138.86. Holding support gave buyers the go-ahead to push to the upside. That move was supported by a report that the BOJ still perceives a need for continued monetary stimulus. The move to the upside did break above converged 100 and 200-hour moving average is near 139.53, but could not sustain momentum. The price is rotated lower in the early US session.Moving below... Read More

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Content Topics

Usdjpy

Playing

Technical

Ranges

With

Above

Swing

Area

Below

Above swing

Forex

Posted: Jun 9 2023, 13:19

Author Name: forexlive

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