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

    Sep 2, 2015
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    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.

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