USDJPY retests the swing low area

Topside trend line stalled the rally

The USDJPY has moved lower as stocks get hit and technical resistance against a topside trend line target near 108.75 stalled the rally (see earlier post).  

The price has move back toward a swing area between 108-60 and 108.62. A move below the level will have traders looking toward the low swing area seen over the last 12 or so trading days between 108.32 and 108.37.

Topside trend line stalled the rally

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