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Is that it? USDJPY trades above key resistance and that's it?

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

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    200 hour MA, 38.2% retracement, new high for the day and the USDJPY yawns Well, maybe not a yawn. The break was worth about 10 pips to the upside (to 118.27), but that move stalled and the pair is back down to the break point at the the 118.169 level. If this thing is going higher, this is the level to get and stay above.

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