Forex technical analysis: USDJPY tests trend line in up and down day - ConsultFX

Forex technical analysis: USDJPY tests trend line in up and down day

Old Trend line at 112.62.  Sellers are trying to push below the line. The USDJPY tumbled in trading yesterday after the market perceived the Fed to be more dovish given their inflation outlook.  The price fell below a lower trend line in the process, but bounced back.  Copyright 2015 Forexlive.com