Technical Analysis

Buyers defend attempts to break below the 100-hour moving average ForexLive As mentioned yesterday, a base appears to be forming in the pair and we’re getting more confirmation of that today as buyers continue to defend any downside move around the 100-hour MA (red line). But despite that, we’re not seeing price action run away
GBP/JPY trades near the 100-hour MA again ForexLive The pair has been holding steady so far in trading this week after an attempt to move towards the 140.00 handle on Monday failed to materialise into any major follow through. The daily close on Monday also stayed above the 11 August 2017 support @ 141.25. And