USDJPY dip holds above the 100 hour MA

The USDJPY moved decrease within the US session however after getting inside 11 pips of the rising 100 hour MA. THe worth has since bounced again to 157.84 at present because the consumers stay in agency management. THe final time the worth examined the 100 hour MA was again on December 17 adn Deceember 18 earlier than the FOMC fee determination. That call helped to subsequently push the worth larger .

Yesterday a brand new excessive going again to July 17 was reached. The worth additionally moved right into a swing space on the each day chart between 157.66 and 158.86. The realm is large however it’s house to quite a few swing degree. If the consumers are to take much more management and potenially make a run to the excessive for the 12 months at 161.94, getting and staying above that degree is required.

This text was written by Emma Wang at www.ubaidahsan.com.



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