USDJPY falls to profit taking/support target

  • Will the buyers keep the price above the level now?

The USDJPY stalled yesterday and into today against the 145.00 ceiling. Coming into the NY session the price was nearer that high but with the dollar selling has seen a drift back down toward the 100/200 hour MA target. Profit takers/dip buyers leaned on the first look so far. WIll that level hold or will it be broken? That is the next trade that traders are pondering.

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