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Forex technical analysis: What do you see in the USDJPY price action?

Discussion in 'Technical Analysis' started by ForexLive, Mar 14, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Here is what I see... Look at the hourly chart below. What do you see? Eventually, the market will break and run. Often there is a technical clue or two or three that shows the way. This is because the price action cannot hide buyers or sellers. Price actoin does not lie. Tools help those traders who start the process to lean and push. If many traders can see that level, it helps to attract a crowd before and after. For example if the 200 hour MA and broken trend line end up being the low, traders will start talking about how that level held and pushed the price higher. I know I see it, and will.

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