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 moves above 50% and 200 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Sep 9, 2016.

  1. ForexLive

    ForexLive Forum Member

    Joined:
    Sep 2, 2015
    Messages:
    14,035
    Likes Received:
    1
    Follows the dollars moves The USDJPY moved up in London morning trading on the back of BOJ rumblings. That rally has continued with Rosengren's comments in the NY session. The price action has taken the price above the 50% of the move down from last Friday's high and the 200 hour MA (green line in the chart below). Those levels come in at 102.748 and 102.824. That is now know support for longs.

    Read full forex technical analysis here
     

Share This Page