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.
This article was written by Greg Michalowski at www.forexlive.com.
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