Technical Analysis

what levels are key now


The price broke above the 100 hour MA at 1.1897 and is retesting the break level.  Can it hold? IF so, the 200 hour MA at 1.19537 needs to be busted. The price has nt been above that MA since April 19th.  


The pair is down testing the triple bottom at 1.3483-86 area (dipping below now). Key break. 

Looking at the daily chart below the 38.2% of the move up from the Jan 2017 low comes in at 1.3463. Get below increases the bearishness…The price is trying to move from the 200 day MA now…. 


The USDJPY could not get above last week’s highs. The CPI sent the price lower and to the 50%/100 hour MA and stalled.  The pair is trying to stay in the upper half of the recent up and down range but remains choppy. On the wide, the price is below the 200 day MA above at 110.165 and the 100 day MA below at 108.512 (which is still going lower).  

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