Wed, 22 Nov 2023 11:17:47 GMT
USD/JPY reveals support and recovers
The USD/JPY has revealed a support zone at 147.15/147.35. The range has been strong enough to cause a recovery. Bu mid-Wednesday, the rate had reached above 149.00.
An extended move above 149.00 could be slowed down by the 149.50 level, before the 150.00 mark is reached. Higher above, note the descending 200-hour simple moving averages and the weekly simple pivot