USDJPY inching up towards the 100 day MA

Discussion in 'Technical Analysis' started by ForexLive, Oct 5, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Afternoon drift to new highs The USDJPY is continuing to inch up and is trading at new session highs. IN the process the price is getting closer to the 100 day MA (at 103.734 currently). The price of the USDJPY has not traded above the 100 day MA since early February 2016. As a result, there should be sellers leaning against the level with stops on a move above.

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