A move above 121.00 eyed
The US GDP came in a touch weaker than the average estimate at 1.5% vs est 1.6%. The USDJPY dipped (may have been spreads widening too) to support against the 100 bar MA On the 5-minute chart at 120.79. The 100 hour MA at 120.767 also held as did the 38.2% of the bullish move higher yesterday at 120.767 as well. The buyers held support.
Forex technical analysis: USDJPY holds intraday support after GDP/Claims
