Forex technical analysis: USDJPY trades midrange after rally stalls

Rally stalls near last weeks highs
The USDJPY started the week/day near the 200 hour MA. That is where things were left off last week. The 200 hour MA was around the 111.04. The low reached 111.974 in the first 1/2 hour of the trading day, and started a slow rebound higher.The low was also near the underside of the broken trend line.