Forex technical analysis: USDJPY moves toward 100 hour MA target/test - ConsultFX

Forex technical analysis: USDJPY moves toward 100 hour MA target/test

Back to where the market broke yesterday The USDJPY is moving toward the 100 hour MA.  Recall from yesterday's trading, in the Asia-Pacific session, the pair fell below the 100 hour moving average, retested it, and then proceeded toward support against the 50% retracement at 111.959 and the 200 hour moving average at 111.97.  The low Copyright 2015 Forexlive.com