USD/JPY Testing Support on the Trend Line and SMAs

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USD/JPY 1-hour

USD/JPY 1-hour

USD/JPY has been slowly inching up the charts as evidenced by the higher lows it has been making, even forming a rising trend line on the 1-hour timeframe. The pair is currently testing 101.40 where the trend line also coincides with the SMA 100 and SMA 200. If support holds, may just see the pair make a run for yesterday’s highs around 101.60 or even set a new top for the week!

To contact the reporter of the story: Jonathan Millet at john@forexminute.com.

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