It appears consolidation and price closely following 21 EMA on hourly and speculating appears to be ranging (102.30-70) until 55 EMA catches up. Although bias is to downside I feel should point out we’re close to support @ WM2 102.00, the momentum is slowing down with daily and 4H stochastic attempting to come up and am of opinion we could take out the central WPP — 103.60 –78.6 FIB of prior move before turning lower let us see what direction the market takes us a break of 102.00 would be very bearish sail away, sail away eyeing 101.50 with 100.80 in sight. What do you think?

USDJPY 1H

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