Forex technical analysis: USDJPY failed break higher leads to retest of 100 hour MA - ConsultFX

Forex technical analysis: USDJPY failed break higher leads to retest of 100 hour MA

The break of the quadruple top (area) failed.   Last week, traders added November to the swing high months that stalled in the 114.39-49 area (May, July, October and November). That ceiling for November only lasted one day, as today we saw the price break above, move to a high of 114.728, BUT fail....Not good news for Copyright 2015 Forexlive.com