The Traderszone Network

Published in TZ Latest News 23 September, 2017 by The TZ Newswire Staff

After 8 weeks below the 100 and 200 week MAs, the USDJPY closes back above it

Can it stay above in the new trading week
The USDJPY spent the last 8 weeks below the 100 and 200 week MAs (blue and green lines in the chart below).  Two weeks ago the pair stalled at new year lows – taking out the April 16th week low at 108.12.