Forex technical analysis: GBPJPY tests 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Aug 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    No closes above the MA since July 27th The GBPJPY is testing the 100 hour MA at the 133.884 level. The pair tested the MA last week but could not muster a closing bar above the MA line. Today, the line is lower making the hurdle easier but the last 3 hours has seen the price stall against the line (see chart below)..

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