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USDJPY trades near session lows following pending home sales

Discussion in 'Technical Analysis' started by ForexLive, Sep 28, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Pair continues to chop The USDJPY trades at session lows after US pending home sales fail to impress (-1.4% vs +0.4% estimate). The price moved from the 200 bar MA on the 5 minute chart (green line in the chart below) in the NY session to, and through the earlier day low at the 119.98 and a lower trend line on the same chart at 119.88.

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