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USDJPY rotates lower and back below the 100/200 hour MA. Ups and downs continue.

USDJPY rotates lower and back below the 100/200 hour MA. Ups and downs continue.
The USDJPY moved lower after the initial jobless claims moved to new 20-month highs. The data, pushed the USDJPY back below its near converged 100/200 hour moving averages at 139.70. Those moving averages are not risk-defining levels for sellers looking for more downside momentum. The price needs to stay below to keep the sellers more in control in the short term.The problem for the pair is the price remains predominantly between support down to 138.73 and resistance up to 140.44. The price has... Read More
Posted: Jun 8 2023, 13:41
Author Name: forexlive
Views: 102160

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