Forex technical analysis: USDJPY trades between the goal posts

1 July 2016, 18:16
Sherif Hasan

100 and 200 bar MA defining the risk

The USDJPY has traded the last two days between the 100 and 200 hour MA. The price action suggests a comfort area for traders - a safe house.  Eventually the market will make a break and run. Friday's can be difficult of course. It is a long weekend.  That can work different ways. We can die or illiquid could lead to volatile moves. Be careful.

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