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USDJPY trades closes below 100 hour MA for first time since May 12

The USDJPY has fallen below its 100-hour moving average at 139.949 and close below that level over the last 2 hourly bars. The price of the pair last close below that moving average on May 12. The last cycle low was on May 3 at 133.492. The high price today reached 140.96 before rotating back to the downside. That's a move of about 743 pips in 18 trading days. Not a bad move. The price low today reached 139.57. That level happens to be the 50% midpoint of the range since the 2022 high in Octob... Read More

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Posted: May 30 2023, 13:44

Author Name: forexlive

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