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Forex technical analysis: USDJPY non-trending. What does that mean?

Discussion in 'Technical Analysis' started by ForexLive, Mar 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    It IS ok.... The USDJPY is non-trending and that is ok. The pair over the last 4 1/2 days has traded above and below the 100 hour MA (blue line in the chart below). The prior three days has spent limited time below the line (see yellow shade area). Today, more time has been spent below the MA line - which is a little more bearish (see green shaded area). If the market is to continue to non trend, expect more of the same above the MA, below the MA. It is what happens.

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