Forex technical analysis: USDJPY slides to new lows and bounces

Discussion in 'Technical Analysis' started by ForexLive, Oct 2, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Still needs to get below key floor support The USDJPY has been able to stay below the broken trend line at the 119.40 level (the corrective high got to 119.24), and the price has moved to new session lows (118.67). The low from September at 118.51 and the key floor area at the 118.22-508 looms ahead if the pair is to continue the break and run. On the infamous "Dow down 1000 day" the pair tumble below this area but then reestablished support in this area on the next two subsequent days.

    Read full forex technical analysis here...

Share This Page

free forex signals