Technical Analysis

USDJPY retests 100 hour MA. Sellers lean.

The market waffles between the 100 and 200 hour MA

The USDJPY moved as much as check the 100 hour MA, and sellers leaned (blue line).  The MA is available in at 113.469 at present.  Actually, the worth is simply off that stage at 113.42. So it might nonetheless be beneath assault, however the first look did discover sellers.

Earlier (as posted right here), the low stalled close to a cluster of assist outlined by the 50%, swing ranges, pattern line, and 200 hour MA within the 113.12-17 space. The low reached 113.18 and bounced.  

Threat might be outlined and restricted in opposition to each ranges.  

ForexLive


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