Greg Michalowski

Forex Trading: USD/JPY Gaining A Bid

By Greg Michalowski on | More Posts By | Forex News By FXDD

The JPY has so far been the lone mover in the Asian session, with the USD/JPY pair currently testing the 87 handle. A break higher with some follow through could push the pair to the 88 handle where we can currently see the 61.8% retracement of the latest short-term move and the fast approaching 4-100hr moving average, perhaps there we can find some short-term resistance.

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