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

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