USDJPY consolidation looks to test topside MA again

Technical Analysis

Author: Greg Michalowski | usdjpy

The break of the 100 day and 200 hour MA could not go anywhere

Earlier I posted on the USDJPY:

The break of the 100 day and 200 hour MA could not go anywhere
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 USDJPY on the hourly chart

The battle continues between the MA levels .

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