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Forex technical analysis: USDJPY trading near highs for the day

Discussion in 'Technical Analysis' started by ForexLive, Sep 22, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    High for the day 100.90 The USDJPY is trading near the highs for the day. That high came in at 100.905 The pair is currently trading 100.86. Looking at the 4-hour chart above, the low for the day (which occurred in the first 4-5 hours of the trading day), looked briefly below a lower trend line. However, it was just a brief peek. The low was set, and after one final test that held the trend line, the move higher was on.

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