MAs defining support/ resistance as London traders look to exit…
The USDJPY is up from the low and retests the 100 bar MA on the 4-hour chart. That was the MA that stalled the fall on Tuesday. Today if you look at the 5- minute chart below, the price stalled at the level today, and then fell back through it. The break sent the price down to the next MA target at the 200 bar MA at 113.158. A failed break of it, has sent the price back for the re-test. Down and up.
Forex technical analysis: USDJPY retests broken MA level/broken trend line
