USDJPY stays above 100 hour MA

Technical Analysis

Author: Greg Michalowski | usdjpy

Price trades between technical extremes

The USDJPY earlier today, fell back below a broken trend line. That tilted the bias lower (see earlier post).



In the NY session, the price pushed to a new session low but stalled ahead of the next key target at the 100 hour MA and 38.2% retracement at 113.485. The low reached 113.522 and bounced. 

The current price trades between the old trend line at 114.00 and the 100 hour MA below at 113.485

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