Published on FXDD (http://forex.fxdd.com)
Forex Trading: USDJPY testing 38.2% retracement
By Greg Michalowski
Created Apr 10 2008 - 6:20am

The USDJPY is testing the 100.18 level which is the 38.% retracement level of the move up from March 17th.  This is the first major retracement level on the downside to watch to provide support.  If it is able to remain below this level, the next target is 99.33 in the medium term.


Source URL: http://forex.fxdd.com/trading-news/3280/forex-trading%3A-usdjpy-testing-38.2%25-retracement