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USDJPY rally continues: Analyzing key levels and resistance

USDJPY rally continues: Analyzing key levels and resistance
The USDJPY experienced a significant uptrend last week following the Bank of Japan (BOJ) President Ueda's decision to maintain the current interest rates. As shown in the 4-hour chart, the currency pair reached a peak of 136.55 on Friday before retreating slightly to close at 136.285. The upward momentum persisted during today's trading session, with the pair climbing to 136.977, just shy of the significant resistance level of 137.000 and the 100-day moving average (at the same level).The USDJPY... Read More
Posted: May 1 2023, 13:29
Author Name: forexlive
Views: 081883

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