Title: USD/JPY Outlook: Bears Gained Traction and Violate Strong Support Zone
Post by: forex4you on Nov 28, 2024, 05:03 am
Post by: forex4you on Nov 28, 2024, 05:03 am
USD/JPY Outlook: Bears Gained Traction and Violate Strong Support Zone
Source: USD/JPY Outlook: Bears Gained Traction and Violate Strong Support Zone (https://www.actionforex.com/contributors/technical-analysis/577476-usd-jpy-putlook-bears-gained-traction-and-violate-strong-support-zone/)
USDJPY extends fresh bearish acceleration into second day and fell 1.1% during Asian / European trading on Wednesday. Increased demand for yen at the end of month as well as end fiscal year was the main driver of the pair, along with dollar bulls pausing for correction. Fresh weakness broke below pivots at 152.69 (Fibo […]
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Source: USD/JPY Outlook: Bears Gained Traction and Violate Strong Support Zone (https://www.actionforex.com/contributors/technical-analysis/577476-usd-jpy-putlook-bears-gained-traction-and-violate-strong-support-zone/)