USDJPY approaches the topside resistance at the 100 bar MA
Written January 5, 2010 at 1:52 PM EST by Greg Michalowski
The USDJPY has moved up to and looks to test the 100 bar MA on the 5 minute chart. The moving average currently comes in at the 91.70 level. The market will look for sellers against the level. A break above the level will switch the intraday bias to the upside with a confirmation of the bullish bias on a break of the 200 bar MA at the 91.82 currently.
Categories: Forex Trading | Tags: USD/JPY
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