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USDJPY Rally Stumbles But Finds Support at 20-Period SMA

USDJPY has come under selling pressure after hitting a seven-month high of 142.24 earlier today. Caution likely set in as the pair approached the 61.8% Fibonacci retracement level of the October 2022-January 2023 downtrend at 142.49. But whilst the stochastic oscillator is indicating further losses in the short term as it has gone into a […] The post USDJPY Rally Stumbles But Finds Support at 20-Period SMA appeared first on Action Forex... Read More

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20 period

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Posted: Jun 20 2023, 14:36

Author Name: actionforex

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