USDJPY remains in n/t range-trading, with the upside being in focus

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EURUSD Near-term consolidation above 1.0895 low, remains capped by falling trendline that connects 1.1712 and 1.1458 peaks, which currently lies at 1.1042. Barrier is reinforced by falling daily 10SMA and together with 200SMA at 1.1106, marks strong resistance zone, which is seen capping upside attempts, ahead of fresh push lower. Near-term studies are in neutral/negative mode, while bears prevail on daily technicals and favor bearish resumption of larger bear-leg from 1.1494, peak of 15 Oct,

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