200 bar MA on 4-hour and last weeks lows targeted now.
As the stock suffers, the USDJPY suffers to the downside with it.
The pair is moving further away from the 100 bar MA on the 4-hour chart (blue line) and moves toward the 200 bar MA on the same chart (green line). That level comes in at 113.05. The swing low from last week came in at 112.95. The 61.8% of the move up form the October low comes in at 112.82.
The sellers have their shot to take the price lower after the failed peak back above the 100 bar MA on the chart above. The sellers are starting to take more control but there is continued targets to get to and through (like the 200 bar MA).
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