US stocks higher helping sends the JPY lower and the GBPJPY higher
The US stocks opened and ran higher, and that has helped the JPY pairs move higher (lower JPY/risk off). The USDJPY reversed higher and is not trading above the topside trend line. The 100 hour MA looms above (see prior post).
Over in the GBPJPY, the price also bottomed off the 200 hour MA at 146.33 and trades between the 100 hour MA above (that MA was already tested earlier - along with the underside of the borken trend line), and that 200 hour MA below.
Ups and downs, but more bullish for the pair.
