Forex technical analysis: USDJPY trades back below MA levels

Discussion in 'Technical Analysis' started by ForexLive, Mar 10, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Tests topside extreme. Comes back off. The USDJPY is trading back below the 100 and 200 hour MA as the ups and downs continue. The pair moved up to the trend line and month high at the 114.40-54 area (high extended to 114.44) and then started to come down as the EURUSD dragged the dollar lower.

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