Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

USDJPY rotate back below the moving average levels and re-approaches 100 day MA

A.R Chowdhury by A.R Chowdhury
September 10, 2021
Reading Time: 1 min read
0
USDJPY rotate back below the moving average levels and re-approaches 100 day MA

100 day moving average at 19.767

The USDJPY traded higher yesterday and buyers had their shot above the September 1 recent cycle high at 110.413. The high price extended to 110.442, but that shot….MISSED. The prices started to rotate back  lower and the subsequent high during the North American session yesterday stalled ahead of the previous high at 110.413. Sellers returned.

100 day moving average at 19.767_

Today the Asian session high stalled near a swing area between 110.222 and 110.263. That was another invitation for sellers to enter and the prices started to move lower. The price during the early London morning session fell back below the 100 and 200 hour averages near 109.985 (call it 110.00).  More selling. 

Now, the hourly moving averages and 110.00 level is resistance.  On the downside, the pair is approaching the 100 day moving average at 109.767.  Move and stay below that level and traders will be eyeing the swing lows from August 25, August 31, an September 3 which came in between 109.564 and 109.581.  

Since August 16, the price has been between 109.407 and 109.442 (that’s 17 days now) there been plenty of moved up and plenty of moves down. In between sits the near converged moving averages. The 100 day moving average has seen its share of moves above and below its level as well.

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
EURUSD backs off from its 200 hour moving average

EURUSD backs off from its 200 hour moving average

USD/JPY a little higher on the day as the chop around this week continues

USD/JPY a little higher on the day as the chop around this week continues

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

NASDAQ trades to a new session high.

August 30, 2021

USDCAD moves to a new high

August 16, 2021

EURUSD falls to new week low and below lower trend line

June 19, 2020

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • What is CFD trading?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.