The USDJPY move higher (see earlier post) in the USDJPY was interrupted with the dollar selling against the EUR, GBP, etc. The USDJPY did not escape the USD selling.
However, the price did find support for the 2nd time today against the 100 hour MA (see blue line in the chart above). That level currently comes in at the 79.31. Holding the line, keeps the bulls encouraged for a potential continuation of the trend. The 100 day MA at the 79.585 still is the key level to be breached.
On the downside, the holding of the 100 hour MA twice increases the borderline properties for the pair. Stay above bullish. Move below bearish and look for further liquidation.
