Forex technical analysis: Can the USDJPY stay below_________?

Discussion in 'Technical Analysis' started by ForexLive, Jun 13, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    That is the line in the sand.... The USDJPY has moved lower in trading today but also had some volatility on the back of GBP volatility that whipped around GBPJPY (and with it JPY). Technically though, the price moved below a support line in the sand for me at the 106.237-425. That area has had a number of swing lows going back to the end of April (see blue circles).

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