Technical Analysis

USDJPY strikes again towards days excessive in down and up session

100 bar MA on Four hour chart examined

The USDJPY moved to new London/NY session highs and within the course of checks the 100 bar MA on the Four-hour chart at 109.06.  The excessive yesterday additionally examined that MA stage however stalled.  The MA can also be in a swing space that outlined swing highs from Jan8 and Jan 9 (at 108.99 to 109.08).  A transfer above the MA is extra bullish. Getting and staying above the 109.19, can be much more bullish for the pair. 

Shares are increased and so are US yields. That tends to help the USD and the USDJPY pair, however the technical stage offers merchants a trigger for pause within the up and down market. PS. the USDJPY has not been above the 100 bar MA on the Four-hour chart since Decemebr 17th.

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