EURJPY and USDJPY test intraday technical resistance

Techs still in play

The EURJPY went to the 100 hour MA target outlined in an earlier post and bounced. The bounce has the pair up testing the 100 bar MA on the 5 minute chart, the 50% of the NY session move lower and the trend line.

Meanwhile, the USDJPY moved up off the lows to test the broken 200 hour MA at 120.09 and the 100 bar MA on the 5 minute chart (at 120.13). That too has found some intraday sellers.

Activity is quiet, but both pairs seem to have traders leaning against risk defining technical levels (with stops above).