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USDJPY chops into the London fix at the top of the hour

November 30, 2020 by admin 0 Comments

USDJPY higher on the day. Trades above and below MAs in choppy trading

The USDJPY is choppy around a bit ahead of the London fix (month end). The pair is higher on the day, and has been trading above and below the 100/200 hour MAs.

The highs for the day have been able to stay below a downward sloping trend line on the hourly chart. That trend line cuts across at 104.34. There is a swing area at 104.312 to 104.361. The 100 hour MA is at 104.249.

This article was originally published by Forexlive.com. Read the original article here.