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EURJPY buyers try to take control but have some problems


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Trend line (at 130.00) and 200 hour MA at 130.108 were broken but having some problems

The EURJPY had seen the buyers take the price above a topside trend line at 130.00 and the 200 hour MA at 130.108. Those are bullish moves.

However, after peaking at 130.28, the price has moved back lower and trades now below the 200 hour MA. That is not so good.  Especially since it was the first break since falling below on October 1st.  
Before giving up, I would give it to the broken trend line at 130.00 for the buyers to either show up and keep the momentum going, or give up and move back lower.   
Decision time for the buyers. Do you want to take back control? Show it.
ForexLive

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