Next target 200 hour MA at 124.37
The USDJPY has not been left out. It too is accelerating the decline and is trading below the 100 hour MA now. The next target for it comes in against the 200 hour MA at the 124.37. Below that, and traders will be looking back toward the 123.767 as a viable next target. The 124.63 area where the 100 hour MA (blue line and the swing highs and low from last week (see blue circles) will be the eyed as close resistance now.