The seller of the USDJPY tried, but the 100 bar MA on the 4-hour chart found support buyers. The low reached 142.89.
The inability to move lower, gave the buyers the go-ahead to push higher, and they did.
The price moved up toward the 100-bar MA at 143.953 on the 4-hour chart after moving through the 200 hour MA at 143.51. The high reached 143.88.
Those bookends helps to tell a story of the Fed too. The Fed Chair does not know what to expect except perhaps he is tilted to the downside.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdjpy sellers tried the buyers are now making a run 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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