EURJPY: An updated technical look at the EURJPY after the break back below its 100 hour MA ...Middle East

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EURJPY: An updated technical look at the EURJPY after the break back below its 100 hour MA
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The EURJPY moved higher earlier today, breaking above the 100-hour MA (blue solid line on the chart below) in the process (currently at 166.679. The subsequent move higher extended toward the 100-day MA (step blue line on the chart below) in the Asian and early European session, but fell short of that target at 167.98. The high price reached 167.89 - just 9 pips from the target MA level. Sellers were leaning ahead of the key level.The subsequent move lower extended back to the 100-hour MA where buyers initially bought against the level near the start of the US session. Stock selling and reports of the BOJ action, sent the JPY higher and the EURJPY below the 100-hour MA at 166.679, with the

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