USDJPY breaks and runs to 100 day MA line

Technical Analysis

Author: Greg Michalowski | usdjpy

Stocks have given up gains

The US stocks have moved to new session lows and in the process has broken below the 200 day, 200 hour MA and 100 hour MAs.

Stocks have given up gains
The next MA to target is the 100 day MA which is being tested now at 111.317. The 50% o fhte move up from March 8th.  A move below would look toward 11.163 and then the 111.00 level.

As per an earlier post, the USDJPY was in a 20 pip range and looknig for a shove (the average over the last 22 days is 49 pips).  The range is up to 33 pips on the extension.. 

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