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A quick look at USDJPY and GBPUSD

Discussion in 'Technical Analysis' started by ForexLive, Dec 3, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Dollar lower The USDJPY has moved lower with the general dollar but held support vs trend line and 100 hour MA. The 100 hour MA comes in at 123.049. The GBPUSD has moved back above broken trend line (at 1.4943 now). The London session saw that level try to keep a lid on it, but the EURUSD move dragged the GBPUSD up with it. The 50% at 1.5009 and 100 hour MA at 1.5026 will be eyed. The high got back to that key 1.5000 level (high reached 1.5001) and the price backed off.

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