USDJPY Cracks 102 Handle On Bearish Acceleration After Failure Above Daily Tenkan-Sen Line

Discussion in 'Technical Analysis' started by Kaitlin, Jul 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair accelerated lower today and cracked strong support at 102.00 zone (Fibo 38.2% of 98.98/103.37 recovery leg). Fresh weakness comes after unsuccessful attempt above pivotal daily Tenkan-sen line resistance at 102.88. Sustained break below 102 handle is needed to generate bearish signal for further extension of pullback from 103.37[​IMG]

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