It’s make or break time for USD/JPY as sellers continue to stay in charge. The pair is now treading water below its 200-day moving average (blue line) of 151.63 and that could set up for a steeper fall to come next. The 50.0 Fib retracement level of the swing higher this year is seen at 151.10 and is also under threat currently. More to come..
This article was written by Justin Low at www.forexlive.com.
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