USDJPY stretches above 200 hour MA. Tests 100 hour MA. ...Middle East

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The move to the upside took the price above the 200-hour moving average at 147.49, and up to the 100-hour moving average at 147.646. The price has stalled against that higher moving average as traders debate higher or lower and fight it out.

On the downside, if the 200-hour moving average is broken with momentum, look for the 147.075 as the next target area followed by the swing area 146.61to 146.75

This article was written by Greg Michalowski at investinglive.com.

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