Home USD/JPY bears testing below 108 handle towards 107.27 61.8% Fibonacci target

USD/JPY bears testing below 108 handle towards 107.27 61.8% Fibonacci target

Updated: 4 Jun. 2019 | 00:17

USD/JPY remains immedaitely offered while below the 20-D SMA and the near term downtrend at 109.92 higher up.
Bears have managed to break below the 108.49 31st January low.
The price is now testing below the 108 handle with sights to 107.27 61.8% Fibonacci retracement then the 78.6% retracement at 105.87.
On the flipside, a run towards 110.84 April 10 low opens the 200-day moving average on the 111 handle.

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