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 approaches the 100 hour moving average

Posted by Greg Michalowski on Mon, 06/16/2008 - 9:14pm in

USDJPY

The 100 hour moving average comes in at 107.77. The 38.2% retracement of the move up from June 11th comes in at the 107.80 level as well. Key level for the USDJPY.

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