New lows in USDJPY

Technical Analysis

Author: Greg Michalowski | usdjpy

Neckline (and other technical levels) are broken

Neckline (and other technical levels) are broken
No lows for the USDJPY.  The pair is breaking a neckline and also falling below the 100 bar MA on the 4-hour chart, and the 50% retracement too.  

The pair has been taking out target after target in trading today (see earlier post).
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