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Forex technical analysis: USDJPY trades above and below the 100 day MA again

Discussion in 'Technical Analysis' started by ForexLive, Oct 12, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Up and down activity continues The last 5 trading days has seen the USDJPY alternate between up and down days. Today is an up day. Yesterday's close came in at 103.49. That close was right around the 100 day MA (today comes in at 103.42). Not only has the price moved up and down over the last 5 trading days, but the pair has also traded above and below that MA on each of the last 5 days.

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