...Can it hold intraday support now? and build from it.
The USDJPY - like the EURUSD - has seen a correction in the last hour of trading. The price, in the process, moved above the 100 bar MA on the 5-minute chart (blue line). The price high stalled ahead of the 200 bar MA.
The pair has wandered back down to that 100 bar MA line at 114.229 and we are seeing a little bounces so far. That is positive/bullish for the correction (and traders. Also of note is the low for the day was followed by a higher low. Some buying signs.
