USDJPY reaches the cluster of MAs and finds some stall

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USDJPY has prolonged decrease, reaching a key transferring common (MA) cluster highlighted in earlier posts. This assist zone, spanning 152.71 to 153.03, contains the 100-hour, 200-hour, 100-day, and 200-day MAs. The pair simply touched a low of 152.917 inside this vary earlier than bouncing barely.

If this assist holds and USDJPY reclaims the 153.26–153.46 swing space (a stage relationship again to November), the bias might shift again to the upside. Nonetheless, failure to carry above the MA cluster might open the door to additional draw back.

This text was written by Emma Wang at www.ubaidahsan.com.



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