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USDJPY tumbles toward 100 hour MA.

As stocks started to slide and US rates also came off of it's highs, the USDJPY started a reversal to the downside. The current hourly bar has seen the price of the pair move from 146.16 to a low of 145.63. That move to the downside, took the price within 5 pips of its 100-hour moving average at 145.586. The last time the price traded below its 100-hour moving average was back on August 8. A break below the level would open the door for further selling momentum. The next target would be the low... Read More

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Posted: Aug 17 2023, 19:57

Author Name: forexlive

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