USDJPY advances to new session highs. Price is back above the 100 hour MA.

<p>The USDJPY has seen up-and-down price action today, and in the process, traded above and below its 100-hour MA at 144.26. </p><p>The most recent run has been to the upside and with that move, the price has moved back above the 100-hour MA. So going into the new trading day, the buyers are holding a little more control vs the sellers. </p><p>Having said that, the 38.2% of the move down from the November high comes in at 144.698. That high stalled the rally yesterday in the early US session. A move above it going forward would open the door in the new trading day (in the Asian Pacific session). </p><p>The video above, outlines and shows the key levels in play and explains what needs to be done to either increase the bullish bias or give sellers more control. </p>

This article was written by Greg Michalowski at www.forexlive.com.