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USDJPY ticks to a new session high. A cluster of resistance loom ahead.

USDJPY ticks to a new session high. A cluster of resistance loom ahead.

The USDJPY has ticked to a new session high. The price just reached 140.733. The earlier session high was 140.71. So it is not running but it is a new high.

The high for the week was no Monday at 140.79. Above that is the 100 day MA at 140.913, and above that the 38.2% of the move down from the November 9 high at 141.093. Those levels will need to be broken and stay broken to give the buyers more confidence for a more corrective move higher.

The price fell and stayed below the... Read More

Posted: Nov 17 2022, 16:36
Author Name: forexlive
Views: 110223

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