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Forex technical analysis: USDJPY breaks and idles

Discussion in 'Technical Analysis' started by ForexLive, Oct 1, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Will the engines keep the bearish break going? The USDJPY fell on the back of reports that BOJ sees little need for additional stimulus (). The pair has been moving up and down - basically going no where. Since September 10, a trend is measured in two consecutive days of up or down days. Yesterday the price moved higher- well a little. Today the price is a little lower (closed at 119.87. ON the daily chart, a lower trend line was broken briefly on Tuesday. I will keep that line in tact. The line currently comes in at 119.42 and this would be a target if the selling can continue today.

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