USDJPY chops into the London fix at the top of the hour
Technical Analysis
USDJPY higher on the day. Trades above and below MAs in choppy trading
The highs for the day have been able to stay below a downward sloping trend line on the hourly chart. That trend line cuts across at 104.34. There is a swing area at 104.312 to 104.361. The 100 hour MA is at 104.249.
On the downside, the 200 hour MA at 104.102. The price dipped below that MA in the current hourly bar but quickly bounced.
