Patient buyers near 113.50
The USDJPY moved higher in the Asia Pacific session after bottoming near the 100 hour MA late in the NY session (see step blue line in the chart below. The rise stepped higher but kinda stalled randomly near 114.25. The wander back down has the price trading near the midpoint of the move up from the low yesterday at the 113.74 level.
The price is below the 100 and 200 bar MA on the 5-minute chart above.
The high today just stopped.
I am in no hurry to do anything. The buyers and sellers have been going with the flow.
Patient buyers might look toward the 113.50 area to buy a dip. The 100 hour MA is near the level. The price closed at 113.45 yesterday. The pair is extending to new NY and London session lows as I type.
