50% and 200 bar MA on 4-hour chart at 111.23-24
On Friday, the price of the USDJPY moved above and closed above the 200 bar MA on the 4-hour chart AND the 50% of the move up from the April low at the 111.24 area. The price closed each 4 hour bar since then with the exception of the closing bar on Friday. The price for the week closed at 111.18.
Forex technical analysis: USDJPY still needs a meaningful close below technical support
