Forex technical analysis: GBPJPY bounces off 200 hour MA/Trend line

50% retracement is also tested.
The GBPJPY fell after better than expected Japan retail sales but the selling dried up as the pair tested lower trend line support and the 200 hour moving average. That moving average came in at 138.457 in the low price extended down to 138.488. The trend line was touch higher. Also near the area was the 50% retracement of the move up from the November 18 low.  That will comes in at 138.561.