USDJPY spiking higher...

Discussion in 'Technical Analysis' started by ForexLive, Aug 3, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    No real news The USDJPY is spiking higher. There is no special reason that I can see fundamentally. Technically, the pair bottomed against the 100 bar MA on the intraday 5-minute chart (see blue line in the chart below). The highs for the day were also taken out which attracted buyers/stops.

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