Technical Analysis

USDJPY assessments final weeks excessive and approaches 200 day MA

200 day MA at 111.295

The USDJPY is up testing the highs from final week (simply traded above making  new excessive for the yr), and the 200 day MA at 111.229 and 111.295 respectively.  Key technical space for each the bulls and bears.

200 day MA at 111.295

In fact the bulls are in management right now after the higher US GDP knowledge shot the pair larger.  This space needs to be a troublesome nut to crack on the primary check (low danger sellers). A transfer above would subsequent goal the 100 day MA at 111.411 – yet one more robust stage.  Key space. Threat and key bias defining space.

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