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USD/JPY Risks Falling Back To 55-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Oct 29, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Bulls refused to give up just yet, causing the Greenback to outperform the Yen on Wednesday, even erasing Tuesday's losses. Even with the nearest resistance located at 121.27, namely the monthly R1, the USD/JPY appears to be struggling to climb too far above 121.00. The 200-day SMA is located at[​IMG]

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