USD/JPY Technical: Torpedoed Down But Holding at 200-Day Moving Average
USD/JPY has shed -5.4% from its 30 June 2023 high of 145.07, on sight to record its worst weekly loss since 7 November 2022. Today’s intraday sell-off has managed to hold at the 200-day moving average acting as support at 137.65. Short-term momentum has turned positive which increases the odds of a corrective rebound. This […] The post USD/JPY Technical: Torpedoed Down But Holding at 200-Day Moving Average appeared first on Action Forex.
USD/JPY has shed -5.4% from its 30 June 2023 high of 145.07, on sight to record its worst weekly loss since 7 November 2022. Today’s intraday sell-off has managed to hold at the 200-day moving average acting as support at 137.65. Short-term momentum has turned positive which increases the odds of a corrective rebound. This […]
The post USD/JPY Technical: Torpedoed Down But Holding at 200-Day Moving Average appeared first on Action Forex.
