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Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex Trading: USDJPY continues its rollercoaster ride

Posted by Greg Michalowski on Wed, 04/30/2008 - 2:08pm in

The USDJPY is tested the 200 hour moving average after flying through the 100 hour moving average.  So far it has bounced.  Over the last 24 hours the pair has extended below the key intermediate term moving averages (yesterday), then back above it today.  Now it is has tested the downside again. 

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