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Forex technical analysis: USDJPY back below 200 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Mar 30, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Can it remain below? The USDJPY got hit hard in yesterday's Yellen inspired dollar sell-off. That momentum took the price below trend line support and in the new trading day below the 200 hour MA (green line in the chart below). IT even moved below the 50% of the move up from the March 17 low at the 112.22. The pair bottomed at 112.00 (was that a Mike option target?)

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