USDJPY moves back to the comfort of the 100/200 hour MAs

Name: USDJPY moves back to the comfort of the 100/200 hour MAs
Uploaded: 2023-05-12T13:21:28.000Z
Description: The USDJPY sellers tried to push prices lower yesterday, and broke below a swing area near 133.876, but could not sustain momentum. That has led to a bounce back higher in trading today that has now taken the pair back to the comfort of the 100/200 hour MAs ahead of the Michigan Consumer Confidence ...

Waiting the next shove technically

Greg Michalowski

he USDJPY sellers tried to push prices lower yesterday, and broke below a swing area near 133.876, but could not sustain momentum. That has led to a bounce back higher in trading today that has now taken the pair back to the comfort of the 100/200 hour MAs ahead of the Michigan Consumer Confidence data at 10 AM. What next for the pair as the week heads toward the close?