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USDJPY trying to keep the break of the 100 day MA in place

The USDJPY broke and closed below the 100 day MA on Friday. That was the first close below that MA going back to September 2021. That tilted the technical bias on the daily chart a bit more favor of the sellers. Stay below the 100 day MA is the bias/risk defining level. Stay below is more bearish. Move back above and there is disappointment on the failed break and the buyers wrestle back control.

The 100 day MA is currently at 140.807. The high for the day reached 140.791, just below t... Read More

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Posted: Nov 14 2022, 14:55

Author Name: forexlive

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