usdjpy retested 117.2. the pair is still in a wage position. the move up is limited by resistance of 118.25. moving avareges are also providing a downward preassure on the pair. either trade the flat boundaries or wait for a break with a confirmation. recent price action suggests the pair can not break 118. the breakdown might be in sight
![](http://www.dukascopy.com/imageserver/img/bc9077e8682515f0afa3e596001bf44a/500_2/image.jpg)