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USDJPY trades near session highs. Completed down and up lap.

Discussion in 'Technical Analysis' started by ForexLive, Apr 20, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Tests topside trend line The USDJPY fell in the Asia-Pacific session, bottomed in the early European session and has now reversed the loses and trading up on the day. On the way down, the price fell back below the 100 hour MA (well it trading above and below the line actually) but did find the buyers against the 200 hour MA (green line in the chart below).

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