USD/JPY In Limbo Amid Bank Holidays

Discussion in 'Technical Analysis' started by Kaitlin, Oct 12, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The US currency behaved in accordance with expectations on Friday. The USD/JPY managed to rebound, but with the upside volatility was slowed down by the 20-day SMA, causing the pair to stabilise at 120.25. The Greenback opened just above 120.14, where the weekly pivot point coincides with the 20-day SMA,[​IMG]

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