Forex technical analysis: USDJPY tests lower trend line in early NY trading

618% tested as well

The USDJPY has moved down to test a lower trend line on the hourly chart. In the process, the price is making a new session low. The pair is also testing its 61.8% at 109.171. The low just reached 109.13.

A move below will target the 109.00 and below that 108.84. That is the swing low from August 11. 

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