200 hour MA, 38.2% retracement, new high for the day and the USDJPY yawns
Well, maybe not a yawn. The break was worth about 10 pips to the upside (to 118.27), but that move stalled and the pair is back down to the break point at the the 118.169 level. If this thing is going higher, this is the level to get and stay above.
The price has not been above the 200 hour MA since Dec 18, the high for the day was broken, the 38.2% of the move down from the Dec 30 high was breached. All that should lead to some more buying interest.
It's now or never (at least for the day).
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