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Forex technical analysis: USDJPY moves higher but 100 hour MA stalling the pair

Discussion in 'Technical Analysis' started by ForexLive, Aug 19, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Higher highs... The USDJPY has moved higher in trading today but remains contained by the 100 hour MA above (at 100.396). That average was tested on Wednesday and a couple times in trading today. A break above should solicit more buying with the next targets at the 38.2% at 100.707, a old floor level at the 100.85 area. The 200 hour MA comes in at 100.972.

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