Daily Market Updates: USDJPY – Fresh Weakness Breaks Below the Floor of Four-Week Range

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USDJPY – Fresh Weakness Breaks Below the Floor of Four-Week Range

Reported · Written up by our desk · Major Pairs

USDJPY fell sharply during late Asian/early European trading on Thursday (down 0.8%) and attempts to break below multi-day range, after the action was repeatedly capped by daily cloud top / 200DMA. Fresh drop weakens the structure on daily chart, as the price moves deeper into thick daily cloud and breaks below daily Kijun-sen (157.16), pressuring […] The post USDJPY – Fresh Weakness Breaks Below the Floor of Four-Week Range appeared first on ActionForex .

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Action ForexUSDJPY – Fresh Weakness Breaks Below the Floor of Four-Week Range

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USDJPY – Fresh Weakness Breaks Below the Floor of Four-Week Range

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