USD/JPY Analysis: Consolidates Near Fibo 23.60%

<p>On Wednesday, the USD/JPY currency pair consolidated near Fibo 23.60% at 105.03. During today&#8217;s morning, the pair maintained its consolidation. It is likely that some downside potential could prevail in the market, as the exchange rate is pressured by the 55– and 100-hour SMAs near 105.30. In this case the rate could gain support from [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/315140-usd-jpy-analysis-consolidates-near-fibo-23-60/">USD/JPY Analysis: Consolidates Near Fibo 23.60%</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>