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USDJPY trades a little up in a little down so far today. Waiting for the next shove.

USDJPY trades a little up in a little down so far today.  Waiting for the next shove.
The USDJPY is mired in a 58 PIP trading range so far today to start the new trading week. That is much less than the 117 PIP average of the last 22 trading days. So a slow start for the current trading week in the USDJPY.Technically, the buyers had the shot above the converged 100 and 200-hour moving averages (blue and green lines in the chart above). That was the same case on Friday on a few separate occasions. The inability to extend further turned buyers into sellers on the disappointment.On... Read More
Posted: Jun 12 2023, 13:24
Author Name: forexlive
Views: 112566

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