The Traderszone Network

Published in TZ Latest News 22 February, 2017 by The TZ Newswire Staff

Forex technical analysis: USDJPY stepping down. Remains contained.

Yesterday moved higher and consolidated. Today, that bullish idea faded.
YESTERDAY, the USDJPY moved higher, reached the 50% of the move down from the Feb high (see chart below), corrected lower and held the 100 hour MA on the correction.  The pair ended yesterday nearer the high as it headed into the new day (that would be today).