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Tuesday, February 28, 2023

Technical: USD/JPY Price Analysis: Retraces below 136.00 as bulls take a breather

Forex Factory
 
 
Alert Alert Mar 1, 2023, 1:30am
 
Technical: USD/JPY Price Analysis: Retraces below 136.00 as bulls take a breather
After hitting a new YTD high at 136.91, the USD/JPY fell short of piercing the 137.00 figure and is staging a recovery as the New York session progresses. At the time of writing, the USD/JPY is trading at 135.85, below its opening price by 0.24%. The USD/JPY bias is upward once the pair emerged above the 100-day Exponential Moving Average (EMA) last Friday. ...
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