Tests 100 and 200 hour MA
TheUSDJPY is moving higher after the better than expected ADP data. The price is up testing the 100 and 200 hour MAs at 109.471 and 109.517 respectively. Getting above is the next hurdle for a more bullish bias for the pair.
NOTE: THe 38.2% oof the move up from the January low stalled the fall yesterday (also near low from Jan 22). The price high yesterday stalled at the 100 hour MA. The range is still light for the USDJPY at 32 pips (22 day average is 81 pips). There is room to roam.
