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Forex technical analysis: USDJPY moves above 100 day MA. Second chance for the bulls

Discussion in 'Technical Analysis' started by ForexLive, Oct 10, 2016.

  1. ForexLive

    ForexLive Forum Member

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    100 day MA at 103.544 Last week, the price of the USDJPY moved above the 100 day moving average for the first time since early February. The price closed above the moving average line on Thursday, but on Friday that break was reversed and not only was the 100 day broken but also the 100 hour MA and a trend line in sloppy NY afternoon trading.

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