The USDJPY has continued it trend like move the upside today. In the process the price cracked above the 100-day moving average and 61.8% retracement of the move down from the November high. That level came in at 147.45. The subsequent run to the upside after that break, so the pair move up to a swing area between 148.449 and 148.590 (see red number circles on the chart below). Willing sellers have entered in that area and has pushed the price back to the downsideWhat next?Looking at the 5-minute chart below, the price action this week has seen most of the activity staying above its 100 and 200 bar moving averages (the blue and green lines on the chart below). Yes there have been moves below
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