USDJPY sellers tried, the buyers are now making a run. | Forexlive
The seller of the USDJPY tried, but the 100 bar MA on the 4-hour chart found support buyers. The low reached 142.89.
The inability to move lower, gave the buyers the go-ahead to push higher, and they did.
The price moved up toward the 100-bar MA at 143.953 on the 4-hour chart after moving through the 200 hour MA at 143.51. The high reached 143.88.
Those bookends helps to tell a story of the Fed too. The Fed Chair does not know what to expect except perhaps he is tilted to the downside.
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