Technical Analysis

USDJPY obtained a shove after the US/China headlines

Broke above 100 bar MA on Four-hour chart

The USDJPY longs noticed a rush to the upside after the now denied headlines about potential tariff lifting.  That transfer took the value racing above the 100 bar MA on the Four-hour chart. The value shot as much as topside development line on the hourly chart (see crimson numbered circle three).  

The value has come off and trades above and beneath the excessive from yesterday at 109.19, however stays above the 100 bar MA beneath (at 109.048).   The bulls stay in management, but it surely does have overhead resistance.   

PS shares are additionally an affect and Netflix earnings after the shut (trades at $352.20, up about $zero.70 on the day). 

ForexLive


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