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Forex technical analysis: USDJPY eyes 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Aug 22, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Retraces back to Asian Pacific lows The USDJPY gapped higher on the back of BOJ Kuroda weekend easing talk. The price moved lower off the gap and tested the 100 hour MA in the process (blueline in the chart below). The subsequent rally, did it's best to get above the 200 hour MA, but that failed and the London session has sent the pair back lower. Yes....we are back toward that 100 hour MA.

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