USDJPY stalls at 200 day MA (as expected). What next?

Discussion in 'Technical Analysis' started by ForexLive, Jan 12, 2018.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Rotates back lower after the test. The USDJPY rallied after the CPI data (). The price moved to new session highs. The 200 day MA was a key target above. The move higher got to 111.69 - a pip or so short of the MA level - and sellers leaned on the first test.

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