The Traderszone Network

Published in TZ Latest News 16 September, 2016 by The TZ Newswire Staff

Forex technical analysis: USDJPY tests MA resistance

Tests 200/100 MAs
The better than expected CPI sent the USDJPY higher. For the USDJPY, it moved up to the next targets against the 200 and 100 hour MA as the 102.195-241 level. The price stalled on the first look (green and blue line in the chart below).