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Forex technical analysis: USDJPY showing some weakness

Discussion in 'Technical Analysis' started by ForexLive, Sep 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Stays below 50%/Below 100 hour MA. But not doing much The USDJPY today peaked right near the 50% of the move up from the August 16th low at the 101.911 level (the high reached 101.913). The 100 bar MA on the 4-hour chart comes in at 101.636 level. The price has admittedly moved above and below that 100 hour MA today which kinda neutralizes a bit of the bearishness from the 50% hold, but the 100 bar MA on the 4 hour chart is the final one to get to and through (and stay below).

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