February 9, 2010 3:15 PM
USDJPY looking to test the 100 hour MA
By fxdd
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The USDJPY has wandered higher today and is running into the 100 hour moving average at the 89.74 level. The highs for the day tested the levels but the price has not been able to push over the level. The downside has trendline support at the 89.28 level.
Shorter term support comes in at the 89.54 where the 100 and 200 bar MA on the 5 minute chart is currently converged. This is pivot for the shorter term bias.
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