USDJPY tests 100 day MA too and bounces.

GBPJPY moves toward a key support area too...

The GBPUSD tested it's 100 day MA (and snapped back to the 200 bar MA on the 4-hour chart). It is all over the place.

The USDJPY has also moved lower to test it's 100 day MA at 111.747. The low reached 111.778. It trades back at the 112.00 level (resistance at 112.00 to 112.07 now).

With the GBPUSD down and the USDJPY down, that means the GBPJPY is going down too.

Looking at that chart, that pair has pushed down toward it's own daily MAs. The 200 day MA is at 138.887. The low reached 139.01. That is pretty close for the GBPJPY. The 100 day MA is at 138.63.

We have bounced a little and trade at 139.16. But keep the 138.63-88 in mind going forward. It should be a tough nut to crack (break) on a test.

In aggregate with the GBPUSD holding support and the USDJPY holding support and GBPJPY holding support. I would expect a slowing of each pairs move lower as traders lean against support, with stops on breaks.