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Tuesday, May 23, 2017

Forex technical analysis: USDJPY buyers have a decision to make…

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Can we get and stay above the broken trend line and keep the momentum going. 
The USDJPY was banging against the 100 hour MA for 8 hours today (blue line in the chart below).   ON the downside, a trend line on the hourly chart was also holding support. Something had to give. The price broke to the upside. The price pushed higher (see chart below).

May 23, 2017 at 10:49PM

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from Greg Michalowski

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