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USDJPY continues the battle with the 200 day MA

Discussion in 'Technical Analysis' started by ForexLive, Sep 11, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Pairs price hangs around the level. PPI a bit better but MA holds the line The USDJPY continues the battle with the 200 day MA at the 120.80 level. The last 3 trading days has seen the price move above and below the level. Each move higher has been rejected by the end of the trading day. It is not like the price goes above the line by a few pips and fails. On Wednesday the price peaked a 121.19 and yesterday the highs (and there were 2) came in at 121.28 and 121.319. The 200 day MA comes in at 120.806 today and the high was a little less robust at 120.96 before coming back down.

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