| What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your Tuesday September 29 trading. |
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USDJPY trades near MA/retracement support to start the trading week
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As the new trading week unfolds, the USDJPY currency pair is showing notable price action near crucial technical levels. The 200-hour moving average (MA) and the 38.2% retracement of the most recent upward move are currently providing support for the pair.
In this analysis, we closely examine the USDJPY’s price movements, discuss the significance of the 200-hour MA and retracement level, and explore potential scenarios for the currency pair’s performance in the early stages of the trading week.
Stay informed and make well-informed trading decisions by gaining insights into the USDJPY’s interactions with key technical levels.
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