Technical Analysis – USDJPY jumps above 102 yen but holds neutral short term bias
Posted on August 29, 2016 at 9:00 am GMTUSDJPY jumped over 200 pips since Friday, moving off lows near 100.00 to rise above the key 102.00 level on Monday. Prices peaked at 102.30 early in European session trading. The intra-day bias is bullish but looking at the short term bias it remains neutral as the pair has been stuck in a 100 -103 range during all of August. The market would need to rise above the 103 yen level to see a shift in the bias and turn [..]