Forex technical analysis: USDJPY tests 200 bar MA on 4-hour chart

The MA was support last week

The USDJPY has returned back to the 200 bar Moving average on the 4-hour chart at 113.18.  Last week moving average held support and the price bounced.  Earlier today, the pair moved back below the moving average line - turning support to resistance. This is the test.

 

Look for sellers with stops if the price starts to trade more comfortably above the level.  Risk is defined and limited against the key moving average level.

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