USDJPY moves above the 100 hour MA

Technical Analysis

Author: Greg Michalowski | usdjpy

Has recent swing highs to contend with at 107.38

The USDJPY have moved above the 100 hour MA at 107.244 and ran a little. This is similar to the move seen yesterday that ended up stalling at the swing high from Monday's trading at 107.383 (see red circles).   We currently trade at 107.34 - just short of that ceiling.

A move above will look toward the 107.493 ceiling and above that, the pair starts to pick away at the extremes seen over the last 10 days (that failed).  

Buyers making a play in the USDJPY. Can it get out of the narrow trading range finally?

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose