4 Global Market Updates- 7 November, 2022

 In this article, we have covered the highlights of global market news about the USD/JPY, GBP/USD, AUD/USD and USD/CAD.

USDJPY Price Analysis: Moderately bid between the 100 and 200 SMAs

Before Monday’s European session, USD/JPY maintained its defensive position around 147.20, modestly bid to hold the previous day’s losses.

The Yen pair does this by remaining within a one-month-old symmetrical triangle and maintaining the bounce off the 200-SMA.

The USDJPY values are expected to rise in light of the quote’s most recent recovery from the important moving average and the sluggish oscillators.

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EDGE-FOREX

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