Forex technical analysis: the USDJPY falls below 100 hour MA




Through changes to the bearsThe USDJPY found support earlier in the day, the 100 hour MA(blue line), The comments of N. Korea that the Asset comments on the weekend were a declaration of war, are a little more verbal rhetoric, but the

  • the stocks were vulnerable, and they have cracked down even more,
  • Gold upward movement and trades above $1300 now ($5.70, or +0.45%),
  • Yields moved lower (10-year is down to -3.5 bps now)


All that has helped push USDJPY below the 100 hour MA. The 100-hour MA is now the risk of short circuits (this was in support of resistance).
The next targets are the 111.64 low from Friday (testing as I type). The 200 hour MA is at 111.435. A move below the 200 hour MA and traders will be looking toward the 100 day MA at 111.075 and 50% of the move up from September 15 to 111.12.
The market has got a boost. We are seeing the action now. The USDJPY has cracked the support.



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