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USDJPY continues run lower after cracking 200 hour MA/50% retracement

August 17, 2020 at 03:45PM

200 hour and 50% at 106.168 to 106.204
Traders continued push lower in the USDJPY and in the process broke below its the support targets defined by the 200 hour moving average of 50% retracement between 106.168 and 106.204 (). That area is now close risk for sellers as the trend move lower continues today.
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Author: https://www.forexlive.com/technical-analysis/!/usdjpy-continues-run-lower-after-cracking-200-hour-ma50-retracement-20200817 Selected by SYFX+

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