USDJPY reaches the cluster of MAs and finds some stall
USDJPY has extended lower, reaching a key moving average (MA) cluster highlighted in earlier posts. This support zone , spanning 152.
USDJPY has extended lower, reaching a key moving average (MA) cluster highlighted in earlier posts. This support zone, spanning 152.71 to 153.03, includes the 100-hour, 200-hour, 100-day, and 200-day MAs. The pair just touched a low of 152.917 within this range before bouncing slightly.
If this support holds and USDJPY reclaims the 153.26–153.46 swing area (a level dating back to November), the bias could shift back to the upside. However, failure to hold above the MA cluster may open the door to further downside.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
