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USDJPY Technical Analysis

On the daily chart below for USDJPY, we can see that the price rallied towards the 135 handle resistance and got rejected. The sellers leant on that major psychological round number and pushed the price lower as the US data started to deteriorate. The price has now broken below the 133.70 support and the sellers are eyeing a return to the 130 handle. The red long-period moving average will act as support for the buyers though, so we are likely to see some consolidation before the next fundamenta... Read More

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Usdjpy

Technical

Analysis

Forex

Posted: Apr 26 2023, 08:38

Author Name: forexlive

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