USDJPY stays below 100 hour MA today

• The USDJPY opened below the 100 hour MA, tested it in the London session and wandered lower.
• In the last hour, the price extended to new lows but found support buyers against the channel support line. That level comes in at 80.30
• Resistance now comes in at 80.56 (see chart below)

A break lower will next target the 80.093 level which is the 50% of the move up from the Feb 1 low (see chart below).