USDJPY close technical levels are getting closer together. Traders looking for a break.

  • The rising 100-hour MA is stalling the fall. The ceiling high at 153.88 is resistance
USDJPY

The USDJPY is lower on the day, but has been able to points for buyers against its rising 100-hour moving average. That moving average, comes at 152.826. A move below that level would have traders targeting the rising 200-hour moving average of 151.972. There's other support on the 4-hour chart at a swing area at 151.85 to 151.937. Below that, and the 200-day MA is in play at 151.488

On the top side, the last three highs came in at 153.88 (give or take one or two pips). A move above that level opens the door for a run toward 154.54 to 154.878.

USDJPY

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