Forex technical analysis: USDJPY whips around. Back below trend line

Discussion in 'Technical Analysis' started by ForexLive, Aug 26, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Up and down The USDJPY surged on the headlines.. Hit resistance at the 100 bar MA on the 4 hour chart, and then reversed. We are back below the trend line and the 100 and 200 bar MA on the hourly chart. The price remains above the 99.94 level (low from Tuesday).

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