Forex technical analysis: USDJPY looks to complete the day's lap

Discussion in 'Technical Analysis' started by ForexLive, Aug 17, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Tested the 100 hour MA. Back down to the day's low As the EURJPY gets hammered, the USDJPY is certainly helping the fall (or is it the other way around). The pair tested the 100 hour MA earlier in the trading day (blue line in the chart) and now looks to complete the day's lap by reaching (surpassing?) the low for the day at the 100.154 level. The low has reached 100.159. Ok that is close enough. Lap complete.

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