USDJPY breaks key support level, eyes on 100-day MA ...Middle East

The USDJPY saw a notable decline during the U.S. trading session, with its downward movement intensifying after breaking below the critical 148.00 level. This break led to a sharp drop, bringing the pair to 147.33, a significant swing low that previously marked the beginning of a rally to the recent Wednesday high. For a stronger bearish sentiment to take hold, the pair would need to breach both 147.33 and the November low of 147.143.Looking at the daily chart, a fall below 147.1403 would shift focus to the rising 100-day moving average, currently at 146.90. Historical patterns show that previous tests of the 100-day MA, such as on July 14 and April 26, resulted in the price rebounding from

Hence then, the article about usdjpy breaks key support level eyes on 100 day ma was published today ( Tuesday 28/11/2023 - 10:53 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( USDJPY breaks key support level, eyes on 100-day MA )

Also on site :

• Red Osier Landmark Restaurant drops lawsuit against Sunny’s Restaurant in Batavia over alleged recipe theft
• ‘Stuart Fails to Save the Universe’ Co-Creator Bill Prady Explains the Science Behind the Show’s Multiverse
• InfiMotion Technology feiert öffentliches Debüt und präsentiert in Wuxi seine umfassende Kompetenz bei E-Antriebssystemen