Technical Analysis

USDJPY stays above 100 hour MA

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

Articles You May Like

Forex Trading | Use Simple Strategies to Make Large Profits
GBP/JPY GBP/USD trade Best Forex Trading System 16 OCT 2018 Review -forex trading systems that work
Identify Profitable Forex Trade Setups with Fibonacci by Adam Khoo
How to Trade on MetaTrader 5 Android App | MT5 Trading tutorial
Here’s why you’ll NEVER make money in Forex. The Forex Cycle of Doom…

Leave a Reply

Your email address will not be published. Required fields are marked *