Buyers keep the USDJPY supported and moving higher

Discussion in 'Technical Analysis' started by ForexLive, Jul 11, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Tests 100 bar MA on 4 hour chart... The USDJPY has done a pretty good job holding along a lower channel trend line - keeping the buyers in control. The march higher has the pair testing (moving above) the 100 bar MA on the 4 hour chart - the next major target on the move higher for the pair (blue step line in the chart above).

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