Forex technical analysis: USDJPY tests resistance
Trend line, 200 day MA
The USDJPY has moved back higher (helped by EURJPY buying too) but is testing resistance against the 200 day MA at 120.96, trend line resistance on the 5-minute chart and the 100 bar MA on the same 5-minute chart at 120.95. Not far above that is the 50% at 121.018 and the 200 bar MA at 121.034. So lots of stuff to deal with on the topside currently.