The correction off the low continues
The USDJPY has moved back above the 200 day MA at 110.19. That MA attracted sellers on the first re-look and fell back down to 109.89. At the level, the pair tested the 100 bar MA (blue line on the chart below). The price has moved back higher and just cracked the 200 bar MA on the 5-minute chart AND the 200 day MA at 110.169 and 110.19.
The technicals are getting more and more muddy in the pair after the trend lower lost its momentum move lower.
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