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Forex technical analysis: USDJPY tracks the 100 hour MA but...

Discussion in 'Technical Analysis' started by ForexLive, Oct 17, 2016.

  1. ForexLive

    ForexLive Forum Member

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    ...stays below a resistance area The US industrial production and capacity utilization barely moved the price of the USDJPY so far. That pair has been choppy in trading today but trades more near the lows after testing a topside trend line in the Asian Pacific session. At the lows, the USDJPY continues to track the 100 hour MA (blue line). The pairs has not seen an hourly bar close below that line since early in the Friday session (it currently comes in at 103.899).

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