Home / Forex Treiding / USDJPY trades to new session lows. Cracks trend line target.

USDJPY trades to new session lows. Cracks trend line target.


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Looking to test its 100 day MA.

The USDJPY is following the stocks lower and in the process fell below a trend line on the 4-hour chart and is now approaching the 100 day MA at 111.547. 

Looking at the daily chart below, the price dipped below the 100 day MA in September and August but could not close below the key MA level. A close below would be more bearish. 

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