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USDJPY retests the MA cluster

The USDJPY fell below the 100/200 hour MAs and the 100 day MA today (the blue and green smooth lines and the step blue line). That cluster of MAs come in between 136.286 and 136.45. The US session high reached 136.39. The current price is trading at 136.31.

On the downside, the low reached 135.93. That low did extend below the 50% midpoint of the move up from the February 24 low at 135.979, but momentum soon faded.

That 50% level needs to be broken, with the low from Tuesday,... Read More

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Usdjpy

Retests

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Forex

Posted: Mar 9 2023, 16:21

Author Name: forexlive

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