The USDJPY fell below trend line on Monday. Yesterday the price held the 100 hour MA. Today the 100 hour MA was broken and the sellers showed up. The price has stalled above and below the 200 hour MA but it too is showing over the last three hours, that sellers are leaning against it. The next stop comes in at the 38.2% at 118.802 (was lows from Dec 19 too). With the level holding below the 200 hour MA, this is the risk now for the sellers. Stay below and the sellers remain in control. Move above and those sellers looking for the year end correction, may just give up and see what 2015 brings.
USDJPY tumbles after falling below 100 hour MA today.
