Higher highs…
The USDJPY has moved higher in trading today but remains contained by the 100 hour MA above (at 100.396). That average was tested on Wednesday and a couple times in trading today. A break above should solicit more buying with the next targets at the 38.2% at 100.707, a old floor level at the 100.85 area. The 200 hour MA comes in at 100.972.
Forex technical analysis: USDJPY moves higher but 100 hour MA stalling the pair
