USDJPY fluctuates around 100 hour MA, targeting key highs and lows ...Middle East

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The USDJPY remains in an up-and-down market as the day moves toward the close. The price is marginally higher now and tests the 100 hour MA at 151.39. The highs from earlier today did get above those levels, but could not sustain the upside momentum When the price is in a sideways environment waiting for the next shove (higher or lower), the price can have ups and downs around the MAs. The 100 hour MA is also moving sideways indicative of the non-trending environment. Having said that, if the price can extend above the 100 hour MA, the bias does shift more in favor of the buyers. The door would open toward the highs (assuming the price remains above that MA level. This week the high reach

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Last updated : 28 March 2024 clock 09:53 PM

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