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USDJPY tumbles to MA support...

Discussion in 'Technical Analysis' started by ForexLive, Dec 1, 2015.

  1. ForexLive

    ForexLive Forum Member

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    50%, 100 and 200 hour MA stall the fall The USDJPY took a tumble on the back of the ISM mfg index going to < 50.0 but with the central bank alert on "Red Alert" traders stuck a toe in the water when the 50%, and 100 and 200 hour MAs were approached. Sellers from above take profit. Buyers looking for the dip buy. Both can use the level to define and limit risk.

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