1st break since Jan 15th
The USDJPY moved below its 200 hour MA (green line) for the first time since January 15th. As per an earlier post the pair will next target the 109.14 to 109.189 area. Sellers looking for more downside will now like to see broken 200 hour MA as close risk level at 109.378. A more conservative risk level is the 100 hour MA at 109.586.
