100 hours MA 110.397
The USDJPY price has moved back to the lowest level of the day 110.31. A break below the 100-hour maximum of 110,397 has helped to make this move lower.
Putting things in perspective, the USDJPY range is 23 points. That’s not much.
As a result, traders are looking to move at some point. Removal takes place with a minimum interval of 110.31 or by moving backwards, increasing the moving average over 100 hours and the highest level of the day near 110.53.
At present, prejudices are once again on the negative side after buyers failed to switch.