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USDJPY stalls at 200 hour MA and 50% retracement. Makes sense...

Discussion in 'Technical Analysis' started by ForexLive, Apr 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Technically, the 50% and 200 hour MA are often a tough level on the first look The USDJPY ticked up to new session highs and stalled right at the 50% and 200 hour MA. The 50% of the move down from Friday's high comes in at 108.778. The 200 hour MA comes in at 108.779. The high peaked at 108.79 and is quickly back down to 108.54. Resistance holds.

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