Forex Trading: USD.JPY breaks March 2011 lows

by Joe Oliver, Forex Trading-Pips

Forex Trading: Selling continued in USD.JPY going into the US session today with price breaking the spike down lows made in March 2011.  The weekly squeeze which fired off short last month  is showing increasing momentum to the downside.

Forex Trading USD.JPY weekly, breaking March 2011 lows

Forex Trading USD.JPY weekly, breaking March 2011 lows