Forex technical analysis: USDJPY wanders lower.Stays contained

Discussion in 'Technical Analysis' started by ForexLive, Nov 13, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Looking for a push from Retail Sales perhaps? The USDJPY is trading between a lower trend line and the 200 hour MA below (green line in the chart below at 122,397) and a trend lined and the 100 hour MA above (blue line in the chart below at 1.2298). It looks like a pair that wants to break out of the ties that bind it currently, but will need help from the data. are expected to rise by 0.3%. PPI and Miichigan confidence is also out.

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