The 100 bar MA on the 4-hour chart at 147.10. The 38.2% is at 147.257.
The GBPJPY is higher on the day and was able to make a new session high in the current hourly bar at 146.99 (the earlier day high reached 146.96).
The move to the upside has pushed the price back into a resistance target area defined by swing levels between 146.912 to 147.25 (see red circles), the 100 bar MA on the 4-hour chart at 147.104, and the 38.2% of the move down from the April high at 147.257. Back on May 23rd and 24th, the price stalled in that area before moving to the double bottom last week at 143.18.
Taking a broader look at the weekly chart below, the low last week reached 143.19. That was right near the 100 week MA at 143.125 and a lower trend line (see chart below).
