July 20, 2020 at 03:15PM
USDJPY rotates back lower after big fail at the session highs today
Run above swing area (and the 100 day MA) FAILED
The USDJPY has raced higher and then raced lower in trading today.
The initial run to the upside took the price through a key swing area between 107.394 and 107.440. That area has been home to a number of swing areas going back to July 3 (at least – see green numbered circles