USD/JPY waking up and challenging Friday’s close

The gap was closed overnight and we’re getting a little run up this European afternoon.

99.35/40 was around the closing level on my screen from Friday and we’re having a go at that now.

USD/JPY M15 chart 17 09 2013

USD/JPY M15 chart 17 09 2013

I can’t see us making any considerable moves leading up to the Fed so look to the near term tech to define the range. The 100 H4ma has held the downside today and the 55 h4ma and tech resistance at 99.59/61 may hold the upside.

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