USDJPY consolidation looks to test topside MA again
The break of the 100 day and 200 hour MA could not go anywhere
Earlier I posted on the USDJPY:
The price did dip below the 200 hour MA for a 2nd time in the NY afternoon session (see green line below), but once again, there has not been a close below that MA line.
Having said that, the pair has rallied high but only to the 100 hour MA above (blue line in the chart below). That remains a target that - like the 200 hour MA - would need to be broken and stay broken, if the buyers are to take and keep control.
The battle continues between the MA levels .