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. 

ForexLive

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