USDJPY close to frustrating once again

Technical Analysis

Author: Greg Michalowski | usdjpy

Tests 100 hour MA and 200 day MA 

The USDJPY has moved to NY session lows and in the process has tested the 200 day MA and 100 hour MA at 108.75-78 area. The low reached 108.75. We currently trade at 108.83.


Right now the break of the 200 day MA is staying in the green. That is, the price is staying above the line Yesterday, the price break above the 200 day MA looked good for a while but fell back below the MA line.   

Can the break above the 200 day (and 100 hour MA) stay above?  Do we stay in the green or turn that break red and frustrate the longs once again?  Key support traders.
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