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


Articles You May Like

US: ISM non-manufacturing PMI improves to 60.7 in November vs 59.2 expected
Palladium is now more valuable than gold
4 Forex terminology — learn the most basics terms
US Dollar May Rise on Inflation Data, Shaky European Politics
Crude oil futures settle at $52.89 today

Leave a Reply

Your email address will not be published.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