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USDJPY Retests 100.00 Support After Bulls Were Capped By Daily Tenkan-Sen

Discussion in 'Technical Analysis' started by Kaitlin, Aug 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Recovery attempts stalled just under 101 barrier, capped by daily Tenkan-sen line and subsequent weakness resulted in strong bearish close on Monday. Fresh weakness on Tuesday cracked psychological 100.00 support, threatening for further downside and attack at key supports at 99.62/52 (lows of 16/18 Aug respectively).[​IMG]

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