The USDJPY has moved to new session lows and in the process has broken below its 100 hour moving average 149.016.
Recall that on Monday, the price tested the 100-hour moving average albeit at a lower level, and bounced off of the level . That increase the levels importance going forward. So breaking below now sets that MA as close resistance.
The price of the USDJPY has reached a swing area between 148.56 and 148.72 (shaded in yellow). The key 200-hour moving average (green line on the chart above) comes in at 148.363.
That moving average remains a key target that needs to be broken if the sellers are to take more control. The price moved above the 200 hour moving average on Friday's trade and based against the level before moving to the upside.
PS. the EURUSD has now run to the upside and above the 200 and 100-hour MAs at 1.0884 and 1.08958
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdjpy moves lower us yields are lows was published today ( ) 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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