USDJPY reaches the cluster of MAs and finds some stall ...Middle East

If this support holds and USDJPY reclaims the 153.26–153.46 swing area (a level dating back to November), the bias could shift back to the upside. However, failure to hold above the MA cluster may open the door to further downside.

This article was written by Greg Michalowski at www.forexlive.com.

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