USDJPY continues its tumble as it skirts below its 200-day moving average at 142.292 ...Middle East

The USDJPY took another plunge to the downside. This one took the price from 144.3092 a low of 141.622. That took the price below its 200-day moving average 142.282. However, the price as quickly snapped back higher.Looking at the 5 minute chart below, the rotation back higher has taken the price above the 38.2 – 50% of the last trend leg to the downside. That may give the buyers some hope. The failure of the break below the 200-day moving average is also a small positive for a potential rebound. At the very least, traders may look to use that 200-day moving average at 142.28 as a profit-taking/risk defining level now that it has failed.The buyers would be more confident on a move back abov

Hence then, the article about usdjpy continues its tumble as it skirts below its 200 day moving average at 142 292 was published today ( Thursday 07/12/2023 - 09:08 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.

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