» » Forex Trading: EURJPY Tests 100 Hour MA. Key Area For The Pair
Greg Michalowski

Forex Trading: EURJPY Tests 100 Hour MA. Key Area For The Pair

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

The EURJPY has stalled the decline against trendline and just below the 100 hour MA at the 102.46. The price has been moving up and down in a non trending range since rallying higher  from the Feb 6th low. Momentum below the 100 hour is eyed.  If it does not materialize a move back toward the highs cannot be ruled out.   If the pair finds seller, the low from Friday at the 102.14 level and then the 38.2% of the move up from the Feb 6th low at the 101.96 will need to be breached.

This is a key area for the pair.

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