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USDJPY Technical Analysis

On the daily chart below, we can see that the big bullish wave in USDJPY stalled a few days ago as we reached peak hawkishness and then got an unwind due to some Fed members hinting to a pause in June. The bias remains bullish though as the price would need to break below the upward trendline to change the trend and make the moving average to cross downwards. Right now, we can see that USDJPY is approaching a nice support level at 138.16 where we can also find the red 21 moving average. USDJPY T... Read More

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Usdjpy

Technical

Analysis

Forex

Posted: Jun 2 2023, 11:01

Author Name: forexlive

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