USDJPY breaks through the support at the 90.34

Written March 17, 2010 at 12:45 PM EST by  

gregmike-00877

The USDJPY fell below the 200 hour MA support and continued the fall until finding support against he 90.09/13 levels.  90.09 is the 100 day MA support. The 90.13 level is the  midpoint of the range from Feb 19th to the low on March 4th.  A break of this support area would be bearish and should lead to further momentum selling with 89.98 and then 89.66 the next targets. Resistance now at 90.34.

gregmike-00876

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