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USDJPY working on it's 3rd day down.

USDJPY working on it's 3rd day down.

The USDJPY is working on its 3rd day down since peaking and closing near the corrective highs on Monday. That high stalled near the 50% of the move down from the last test of the 100 hour MA on November 9.

The low on Tuesday held support near the broken 100 day MA (blue overlay line at 141.14). The fall yesterday was met with more momentum once the price breached both the 100 day MA and the rising 100 hour MA. Falling below the 200 hour MA added to the selling momentum.

Today,... Read More

Posted: Nov 24 2022, 18:17
Author Name: forexlive
Views: 110841

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