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Forex technical analysis: USDJPY moves toward the 200 day MA

Discussion in 'Technical Analysis' started by ForexLive, Nov 4, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Does the MA matter? In September the price of the USDJPY traded above the 200 day MA on 6 separate occasions with zero closes above. The last 7 days saw the price trade above and below the MA level on 6 of the 7 days (yesterday was the exception). There was 4 days with closes above and 2 below. Does the 200 day MA matter? Well, on the surface, no. After all, the market does not seem to pay much attention to it on the daily chart.

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