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Forex technical analysis: USDJPY above the 100 day MA for the 1st time since February

Discussion in 'Technical Analysis' started by ForexLive, Oct 6, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Also cracks the 38.2% retracement of the move down from end of May high. The USDJPY has moved above the 100 day MA AND the 38.2% of the move down from the end of May high to the June 24 low. The levels come in at 103.74 and 103.76 respectively. The move above the 100 day MA is the first time since February 2nd 2016.

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