Forex technical analysis: USDJPY has converged MAs the focus technically

Discussion in 'Technical Analysis' started by ForexLive, Mar 1, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    100 and 200 hour MA at 112.73 Yesterday it was the look of a head and shoulders formation. The neckline was broken. The price moved lower. It stalled at the 61.8% of the move up from the low. It does not look so head and shoulder-y anymore.

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