USDJPY has 3 key technical levels that have stalled the rally higher today

The USDJPY continued it’s move higher today after reaching a low of 132.419 yesterday. That move took the price below a swing area between 132.24 and 132.479. However, when the price move back above the swing area during the US session yesterday, sellers turned buyers and that momentum has continued into today. In the morning video, I spoke to the test of the 100 and 200 hour moving averages near 133.83. Also near that level is the 38.2% retracement of the move down from the July 14 high.

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.