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The USDJPY retraces into intraday support

The USDJPY peaked short of the natural resistance at 149.00 and technical resistance at 149.10. The high price reached 149.957. The corrective move lower today, has seen the price move down toward 148.72. Looking at the 5-minute chart, it is the 1st major correction today since bottoming in the late Asian session where the trend move started. The 38.2% retracement of that trend move higher comes in at 148.712. The rising 100 bar moving average comes in at 148.68. The 50% of the same move higher... Read More

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Usdjpy

Retraces

Into

Intraday

Support

Forex

Posted: Sep 25 2023, 16:14

Author Name: forexlive

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