The Traderszone Network

Published in TZ Latest News 20 June, 2017 by The TZ Newswire Staff

Forex technical analysis: USDJPY tests 100 day MA and backs off

Got within 5 pips of the key MA line
The USDJPY tested the 100 day MA at 111.83 earlier in the trading day (the high reached 111.78) and the price backed off.   Profit taking and selling against the key resistance level as risk could be defined and limited.