Forex technical analysis: UH-OH. USDJPY falls back below 200 day MA, but finding support

Discussion in 'Technical Analysis' started by ForexLive, Nov 5, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    We've been there and done that 7 of the last 8 trading days The USDJPY was able to get back above the 200 day MA (at 121.04) for the 7th day of the last 8 trading days (yesterday was the exception). The pair has had 4 closes above the MA line, but momentum has stalled on each move.

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