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USDJPY runs up to test the 100 hour MA. Key MA target reached. Do the sellers come in?

USDJPY runs up to test the 100 hour MA. Key MA target reached. Do the sellers come in?

The USDJPY has followed the US dollar higher and is testing its 100 hour moving average 136.462. That move higher comes after the pair moved above the 38.2% retracement of the range from last week's trading. That was also where the price stalled on Friday on the initial spike after the jobs report. The 38.2% retracement comes in at 136.009. It is now a close risk level for buyers looking for more upside momentum.

So far, sellers have kept a lid against the 100 hour moving average. Risk... Read More

Posted: Dec 5 2022, 16:41
Author Name: forexlive
Views: 1108100

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