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USDJPY sellers break below a key hourly MA for first time since June 14

The USDJPY is trading within a narrow trading range, but sellers are making a play to the downside in early US trading with the price moving below its 200-hour moving average. The last time the price broke below the 200-hour moving average was back on June 14. Since then the price has trended up from 139.62 up to a high reached last Friday at 145.066.The modest correction off the high is not totally convincing for the sellers (or buyers for that matter). However, if the price can stay below the... Read More

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Content Topics

Usdjpy

Sellers

Break

Below

Hourly

First

Time

Since

June

Forex

Posted: Jul 5 2023, 13:58

Author Name: forexlive

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