That hurdle is taken out. The next bearish targets
The USDJPY has moved below the 100 day MA for the 1st time since May 18, and is now testing an other key target area between the 120.64-84 area. This area capped the USDJPY from the end of December to May with the exception of 7 days in March. This level should provide support, but it is being tested hard now.
The USDJPY has a 194 pip trading range today. This is the 3rd highest trading range this year. If support is to hold this would seem to be a nice level to do so. A move back above the 120.84 will be eyed on a bounce.
