Nice try but the sellers failed again...
For the 2nd day in a row, the USDJPY failed on it's break below the 200 day MA, the 100 day MA, the 50% retracement of the move up from June 14th. The 100 bar MA on the 4-hour chart. That area comes in at 111.64-888. The price is back testing the 112.00 level now. Call off the bears. The bulls are back.
