Tests 100 hour at the 4 PM fixing
The USDJPY has pushed higher into the London fixing - hitting the 100 hour MA as the clock ticked 4 PM. The MA comes in at 117.71. The high print extended to 117.77. The close from yesterday came in at 117.835. The topside trend line cuts across at 118.05 currently.
Order related? Perhaps. The move below the broken trend line did not solicit lots of selling. The move back above that line disappointed the shorts.
We are trading back to 117.64 currently.
The EURUSD also fell (stronger dollar). It had that ceiling at the 1.0450 level that Ryan posted and that put a lid on that pair.
The GBPUSD failed in it's attempt above the 1.2379-84 area.
The USDCAD trades at new session highs.