USDJPY falls to 200 hour MA and finds buyers. Can the level be broken? EURUSD tests 100 hour MA

USDJPY

The USDJPY moved lower on the CPI data but stalled ahead of the 200 hour MA on the first look (green line). The fall took the price below the low floor at the 113.08-11. Stay below that is more bearish now. A break of the 200 hour MA will target 112.864. That was also the high from December 5th. A move below that opens the downside for further declines.

EURUSD

The EURUSD rose to test the 200 hour MA at 1.17658. The topside trend line coming from the December 1 high comes in at 1.1770. Those are the next hurdles for the upside for the EURUSD. Get above would be more bullish. So far, the sellers are leaning against those levels as risk can be defined and limited against those levels.

On the downside remember the 1.1712-24 area (see post from yesterday here). That is a key swing level going back in time for the EURUSD.