USDJPY test trend line and the swing higher from early week highs

The 100 hour MA is also being approached

The USDJPY is testing a trend line on the hourly chart at 111.37 and swing highs from earlier in the week at 111.34/35.

The 100 hour MA is also being approached at 111.278 (blue line in the chart above). ON Tuesday and Wednesday the price did fall below the 100 hour MA but each break failed

The range for the day is being extended and is at 42 pips now. The 22 day average range is 62 pips. So although at a support area and finding some buying, there is room to roam lower.

The 111.038 is the 38.2% of the move up from the August 21 low.