Below the 200 and 100 day MA. 50% retracement also tested
The USDJPY is trading at session lows and in the process has moved below the 200 day MA at 111.846, the 100 day MA at 111.734. The 50% of the move up form the June 2017 swing low comes in at 111.637. The low just printed 111.62.
The sellers are making another run at the key cluster of support. Yesterday was test #1 and the price rebounded. Stay below the 200 day MA at 111.846 to keep the sellers firmly in control. A move above, and the sellers here, will be scratching their heads.
The 111.13 is a lower trend line target on a break. The 61.8% comes in at 110.96. That corresponds with lows from June 22nd.
If the sellers mean business, this is the area to get to and through.
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