USDJPY below the 100 hour MA but above the trend line

Technical Analysis

Author: Greg Michalowski | usdjpy

Pair remains in the 32 pip trading range

The USDJPY has dipped below the 100 hour MA at 111.259 but is still hanging above a lower trend line on the hourly  That comes in around 111.175 currently. 

Pair remains in the 32 pip trading range
The pair is still above the day lows at 111.14 and remains in the narrow 32 pip trading range (the 22 day average is around 50 pip). There is room to roam.

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