The USDJPY battle is on. In this video, I outline the key levels in play.

Name: The USDJPY battle is on. In this video, I outline the key levels in play.
Uploaded: 2023-05-08T12:51:18.000Z
Description: The USDJPY traders are battling it out with hourly moving averages stalling the move higher, and the 100 bar moving average on the 4 hour chart, providing support. A key swing area on the 4 hour chart is also a key resistance area that would need to be broken to increase a bullish bias.

What levels are in play as the buyers and sellers battle it out

Greg Michalowski

The USDJPY traders are battling it out with hourly moving averages stalling the move higher, and the 100 bar moving average on the 4 hour chart, providing support. A key swing area on the 4 hour chart is also a key resistance area that would need to be broken to increase a bullish bias.