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2010-02-20

Forex Trading: USDJPY Tests Highs At 92.08

gregmike-00509

The USDJPY is up testing the highs for the day at 92.08. A move above will next target the 92.30 level where the  200 day MA is found for the pair.  Keep this level in mind.

gregmike-00510

The 100 and 200 bar MA on the 5 minute chart remains at 90.83.  If the price remains above these moving average lines, the bias remains to the upside.

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