| The 100/200 hour MA is now resistance again at 139.70 The USDJPY moved lower after the initial jobless claims moved to new 20-month highs. The data, pushed the USDJPY back below its near converged 100/200 hour moving averages at 139.70. Those moving averages are not risk-defining levels for sellers looking for more downside momentum. The price needs to stay below to keep the sellers more in control in the short term. |
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The USDCAD sellers tried to extend below the 50% of the move down from the March high on the 4-hour chart today, but could not keep the momentum lower. The price has moved back above that level, and the buyers are more in control. Can they stay above the midpoint level at 1.35808?
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