618% tested as well
The USDJPY has moved down to test a lower trend line on the hourly chart. In the process, the price is making a new session low. The pair is also testing its 61.8% at 109.171. The low just reached 109.13.
Looking at the daily chart below, the 109.11 is a swing low from June 7, 2017. The 108.839 is the 50% of the move up from the June 2016 low. Last week, the pair got within 12 pips of the 2017 low at 108.12 (low last week reached 108.24).
A move below will target the 109.00 and below that 108.84. That is the swing low from August 11.