Forex technical analysis: USDJPY tests trend line support - ConsultFX

Forex technical analysis: USDJPY tests trend line support

Trades at day lows. The USDJPY is down testing a trend line on the hourly chart at 111.045 (see chart below). On the daily chart the 50% of the move up from the September low comes in at 111.02. So there is a couple of reasons that traders might be leaning against the level.   Be aware... Copyright 2015 Forexlive.com