Forex technical analysis: USDJPY trades at new session highs and comes back off - ConsultFX

Forex technical analysis: USDJPY trades at new session highs and comes back off

200 bar MA on 4-hour up at 113.00 The USDJPY traded to new session highs at 112.889. In the process it took out the high from last week/Friday at 112.869, but the buck stopped pretty quickly. We trade at 112.72 now.   The lows today come in at 112.63. There are two bottoms on the 5-minute chart Copyright 2015 Forexlive.com