The USDJPY is moving into that support floor area that has attracted the buyers. The pair got boost after GDP from Bullard comments.
USDJPY can’t stay away. Tries support once again.
The move lower is also testing the lower trend line on the 5 minute chart once again today. The buyers/profit takers should try and stick a toe in the water again.
How many times can it go to the well and do the same thing?
As many times as it can until the levels break, and it stays below the break. Trend line on the 5 minute is at 117.30. The 117.17 is the low bottom over the last 9-10 days.
USDJPY testing trend line on 5 minute chart too.
