Moves above the 100 bar MA on 4-hour chart
I have to treat Friday afternoon with care, but the USDJPY has made a push above the 100 bar MA on the 4 hour chart at 103.36.
That completes the cluster of resistance that has been a "governor" for the USDJPYs move today including the 200 hour MA (at 102.18), the 100 hour MA (at 102.25), trend line (at 102.29), 38.2% (at 102.33)and finally the 100 bar MA on the 4-hour (at 102.36). Those ranged from 102.18 to 102. 36.
It is Friday. There is always weekend risk but for what it is worth, the pair has giving the buyers a little more confidence from a technical perspective.