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USDJPY sellers making a play. What does that mean? Where are the risks? Find out here.

The USDJPY sellers are making a play today with the break below the 150.00 level. Not only was the level a key natural level, but also corresponded with the 100-hour moving average. That's key.The prices also fall below its 200-hour moving average 149.898. That's key and the 38.2% retracement of the move up from the October 10 low at 149.774. That's key too.Having said that, the 50% midpoint of the move up from the October 10 low comes in at 149.466. The price has not moved below that level. No... Read More

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Content Topics

Usdjpy

Sellers

Making

Play

What

Does

That

Mean

Where

Risks

Forex

Posted: Oct 27 2023, 16:14

Author Name: forexlive

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