Forex technical analysis: USDJPY moves to the safe zone...

Discussion in 'Technical Analysis' started by ForexLive, Apr 15, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Stocks set to open little changed. The USDJPY move higher in the Asian Pacific session but has moved lower for most of the European session (it actually started in the later part of the Asian session). The price over the last 4-hours has moved to a somewhat safe zone defined by the 100 and 200 hour MAs. The 38.2% is also in that area. The levels come in at 108.86 to 109.024. A move outside SHOULD solicit more action in the direction of the break.

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