1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Forex technical analysis: USDJPY at support area

Discussion in 'Technical Analysis' started by ForexLive, May 12, 2016.

  1. ForexLive

    ForexLive Forum Member

    Joined:
    Sep 2, 2015
    Messages:
    14,009
    Likes Received:
    1
    Tests cluster of support... The USDJPY moved away from the 200 bar MA on the 4-hour chart at the 61.8% retracement level at the high. The pair is testing the cluster of support against the 100 bar MA on the 4-hour, the 50% of the move down from pre-BOJ and the swing lows/highs going back to April 28th (see yellow area). This is interim support ahead of the 100 hour MA below which is at 108.39.

    Read full forex technical analysis here
     

Share This Page