MA converged at 111.15. 50% retracement also at the level.
The USDJPY fell back below the 111.57 level and has led to a wander to the downside. The 111.57 area corresponds with the high from March 23rd. The break above it yesterday saw more buying. Today at the high, the 38.2% at 112.163 stalled the rally (the swing low from March 21 also helped stall the rally at 112.25. The high reached 112.193).
Forex technical analysis: USDJPY wanders back toward the 100 and 200 hour MA
