Forex technical analysis: USDJPY tests weeks highs. Backs off.
Retests the 200 hour MA
Earlier in the London morning session, the USDJPY moved above trend line and the 100 hour MA level (bullish). The price did not run away but it was the first look (and close above the 100 hour MA since last Friday (bullish). The better than expected ADP report propelled the price above the