Forexlive
USDJPY technical outlook: price slips then rebounds back into a neutral range
Early downside move tests key supportThe USDJPY moved lower during the Asia-Pacific session, briefly breaking below the 200-bar moving average on the 4-hour chart at 155.29. That downside probe echoed last Thursday’s price action, when the pair also slipped below the same moving average, only to quickly rotate higher.
USD
JPY
Source: Finnhub