The USDJPY continues run lower and tests key 200 hour MA

Technical Analysis

Author: Greg Michalowski | usdjpy

Selling continues for the USDJPY

The USDJPY cracked below a trendline and the 100 hour moving average a few hours ago, and the buyers turned to sellers (see earlier post here). 

Selling continues for the USDJPY
That selling is now continued through the 38.2% retracement at 103.702. The pair is currently testing the what 200 hour moving average 103.606.  A move below the 200 hour moving average would look toward the low from yesterday at 103.51 and the 50% retracement at 103.489. 

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