200 hour MA and trend line yet to be broken
If the price is to head lower still, the 100 day MA (remember that MA line) is down at 103.225. That – given the speed of the market of late – seems miles away. In reality it is only 61 pips away. The Dow is down about 50 points and the S&P is down about 5 points with about 45 minutes left in the trading day.
USDJPY falls below 100 hour MA but the other targets remain a hurdle
