Forex technical analysis: USDJPY tried to get back above 100 hour MA via ForexLive

NY session spent reversing the gains made in the Asia-Pacific/London morning session The traders spent most of the NY session taking apart the gains made in the USDJPY in the Asian Pacific in London morning sessions.  Over the last 2 hours, however,the price has rebounded modestly (and I mean modestly) back higher, and looks to move back above the 100 hour moving average at the 123.94 level (see blue line in the chart below).  

posted via ForexLive