USD/JPY remains heavy to start the week ...Middle East

The retreat comes again as we get to the handover from Asia to Europe, somewhat similar to yesterday. Sellers are staying interested with price action keeping below the broken trendline support (white line) as seen below:The 100-day moving average (red line) at 155.31 currently will be a key downside target to watch.Looking at the near-term chart, we can see how sellers are also dictating the state of play at the moment:The bounce last week was thwarted by sellers leaning on the broken trendline support, now acting as a key resistance line. After, they have been holding price action just below the 100-hour moving average (red line). And that suggests a more bearish near-term bias in the pair

Hence then, the article about usd jpy remains heavy to start the week was published today ( Tuesday 23/07/2024 - 07:16 AM ) 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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Last updated : 23 July 2024 clock 07:16 AM

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USD/JPY remains heavy to start the week ...Middle East

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