Technical Analysis – USDJPY’s steam dries up at 100-SMA

USDJPY rallied through the 21- and 42-day simple moving averages (SMAs), as well as the 107.50 resistance, which is the 38.2% Fibonacci retracement level of the down move from 112.39 to 104.45. The move up started on September 3, ending a three-week consolidation period and propelling the price up to the 100-day SMA. In an […]