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Forex technical analysis: USDJPY tests high/MA

Discussion in 'Technical Analysis' started by ForexLive, Aug 30, 2016.

  1. ForexLive

    ForexLive Forum Member

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    100 bar MA on the 4-hour chart and the high from August 8th The USDJPY is testing a key level at the 102.649 area. The 200 bar MA on the 4-hour chart is at that level and the high from August 5th is also right at that level. A break above will target the 102.828 but on the first look expect sellers as risk can be defined and limited against the dual resistance target.

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