EURJPY tests 200 hour MA/50% retracement .

Technical Analysis

Author: Greg Michalowski | eurjpy

Level to eye...


Quickly on the EURJPY, the pair has moved sharply higher after the FOMC decision and is up testing the 200 hour MA and the 50%  at the 131.03.   Key level to eye.  So far, sellers are leaning on the test. 

The USDJPY traded to new week highs and tested the 61.8% at 106.64 level.