Forex Trading: USDJPY Tests 100 Day MA At The 77.17 Level
The USDJPY hase been pressured as the dollar loses value against all major currencies (see chart below). However, the price is testing the key 100 day MA and should find some profit taking against the level. (77.17 is the level). A break below the level should not be ignored however, as liquidity conditions remain limited and a break of key technical level should solicit stops.
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