USDJPY trades at a new session low and falls below 100 hour MA

100 hour MA at 106.986.

The USDJPY is trading lower and to new session lows. ON the decline, the price has moved back below the 200 hour MA (green line at 107.15) and now the 100 hour MA at 106.986 (blue line). The 38.2% retracement of the corrective move higher (that stalled with a triple top) comes was also broken at 106.98 area.

More bearish technically. Stay below 107.00 keeps the sellers in control.

The 106.83 area is a target (swing levels) followed by the 50% retracement at 106.723. A move below that level opens the downside for more declines.

Bears taking control on the breaks below the 200 hour MA/100 hour MA and 38.2% retracement.