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Forex technical analysis: For the USDJPY it is about staying below..

Discussion in 'Technical Analysis' started by ForexLive, Apr 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Breaks below the support levels. They now become resistance The USDJPY has broken lower and is trading at new session lows as I type. From a technical perspective the price has moved to the lowest level since October 2014. In that month, the price corrected lower from 110.00 to 105.19. We sit more toward the middle of that range. There is not a lot to grab onto on the downside. There is a minor swing low at 107.60, but that is not all that great level. So instead of targeting targets, it sometimes makes sense to find levels above that should keep a lid on it. What do I see?

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