Technician
Short

USDJPY Resting Key Broken Support

FX:USDJPY   U.S. Dollar / Japanese Yen
632 6 4
The price is retesting the 50-days SMA and horizontal resistance level around 103.00, risk remains to the downside as long below this resistance.
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ooo so overall trend stil bearish until it reach somewhere around 101, oni then it will rally ..?
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how come tapered d, the USD still haven't rally? Will it really goes down all the way to 101?
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It didn't rally cause the jpy is strengthening. That is because the overall sentiment of markets is negative, usually when market in risk mode the Japanese is well demanded as a haven currency. On the other hand, the U.S. dollar hasn't rallied against the majors.
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yeah, its better we wait for the FOMC meeting later. Thanks technician
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so its going down to 101.5?
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May and may not :) .. But i would speculate on that yeah
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