USDJPY Price Retests Previous Low at $109 Level - Swastika Investmart
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News in headline:
* Euro US Dollar Exchange Rate Volatile as Markets Await Federal Reserve Decision
* Powell presses pause on dollar's rally; sterling surging
* USDJPY Price Retests Previous Low at $109 Level
Chart of the day:
The day trend in EURINR has again tested its resistance on daily chart but failed to sustain above it so selling can be done at current levels keeping the SL above resistance.
Technical View:
* The mixed move can be seen in currency.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)