The Traderszone Network

Published in TZ Latest News 8 May, 2017 by The TZ Newswire Staff

Forex technical analysis: USDJPY still having trouble getting below 100 hour MA

On Friday there were a few closes below but only by a pip or two
The USDJPY gapped higher on the opening and in the process moved back above the old trend line.  That line was broken on Wednesday/Thursday but moved back below  on Thursday and held resistance against that line on Friday (see red circled numbers). The hgih reached 112.95 but could not get above the natural resistance at the 113.00 level.