USD/JPY faces a technical wall at the 200-day SMA of 158.62 after slipping 0.20% in the wake of US midterm election results, leaving the pair consolidated between major moving averages.
The pair is down 0.20% after the US midterm election results and remains consolidated between the 50-day SMA at 157.39 and the 200-day SMA at 158.62. A tilted bullish pin bar points to upside attempts, but the 200-day SMA at 158.62 is described as a wall capping gains.
The article cites the 50-day SMA at 157.39 and the 200-day SMA at 158.62.
The pair is down 0.20% in the aftermath of the US midterm election results.
The USD/JPY pair trades 0.20% lower following the aftermath of the US midterm election results. Despite the decline, the formation of a bullish pin bar suggests potential upside, though the pair remains trapped between key technical support at the 50-day SMA and resistance at the 200-day SMA.
The pair is currently consolidated between the 50-day SMA at 157.39 and the 200-day SMA at 158.62.
The pair is down 0.20% in the aftermath of the US midterm election results.