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Don't blink. USDJPY whips around....

Discussion in 'Technical Analysis' started by ForexLive, Feb 5, 2016.

  1. ForexLive

    ForexLive Forum Member

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    You have to be quick.... I outlined an area in the USDJPY in the 116.978-117.04. That held and the price moved to 117.20. But the price tumbled to and through that support only to find support at the next area at 116.84-87 where the 100 and 200 bar MA and 50% of the days range was found. BOUNCE (see chart below).

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