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USDJPY returns to the lows for the day after the 100 hour MA area finds sellers

The early buying of the USD in the North American session, took the price above its 100-hour moving average near 145.70. The high price reached 145.755 and 145.733 consecutive hourly bars. However, momentum could not be sustained (with the next key target at 145.90), and short-term buyers were forced to liquidate. The price has moved lower over the last few hours.The move to the downside has reached a new day low at 145.129. That is still just above the high of the swing area and low price from... Read More

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Posted: Aug 18 2023, 15:07

Author Name: forexlive

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