Technical Analysis

As stocks tumble, USDJPY reached 200 hour MA

50% retracement target

The S&P is down -23 points and down about -0.80%. The Nasdaq is down -119 points or -1.52%.


The USDJPY has moved to new session low on the moves. 


The pair is down testing the 200 hour MA and the 50% of the move up from the September 27th low. 

The dip buyers have a cause for pause against the level, with stops likely on a break. 


Articles You May Like

USD/CHF struggles to find direction, moves sideways near 0.9980
Dollar stays offered on the session, EUR/USD cracks 1.14
Will China Add Fuel to Risk Aversion? PHP May Face Rate Hikes Next
Forex Training Training 11.26

Leave a Reply

Your email address will not be published. Required fields are marked *