Above the 100 hour MA (again) = Bullish. Still below topside trend line.
The USDJPYi has moved above the 100 MA at the 100.68 area(more bullish), but is finding sellers near the topside trend line. That trend line comes in at 100.82. The high has so far reached 100.81. A break above should solicit more buying with the next targets at 101.14 (100 hour MA), 101.24 (the high from last Friday) and 101.43-55 where the 50% and the 200 bar MA on the 4-hour chart is located.
If the price is going to go higher, look for support to hold on a test of the 100 hour MA at the 100.68 area now. A move back below, will get the bulls/buyers angry.
