Ping-pong in the USDJPY continues. Lower trend line stalls the fall
100 hour MA and trend line the topside extreme.
The USDJPY has continued the ping-ponging with the high extreme at the 100 hour MA and trend line stalling the rallies, and a lower trend line stalling the falls (see earlier post HERE)
In between those extremes is a lot of ups and downs.
Traders who have leaned against the extremes have done ok today despite the ping-ponging action. At some point there will be a break with more momentum.