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USDJPY trades between 200 day MA above and 100 day MA below (and 100/200 hour MAs)
As we head toward the end of day, the MA technicals for the USDJPY are painting the risk and bias defining levels for the pair.
Looking at the hourly chart above, the price action today took the price above the 200 day moving average (overlaid green line currently at 137.412). The break above took the price up to 137.906, but momentum could not hold above the MA and buyers turned to sellers.
The price fell back below the 200 day MA in the London morning session, and stayed b... Read More
Posted: Mar 8 2023, 20:28
Author Name: forexlive
Views: 110938