USDJPY technicals: USDJPY ping - pongs between moving averages
The USDJPY has spent this week trading in a well-defined range, bouncing between the 100-bar moving average on the 4-hour chart at 147.90 and the 200-bar moving average below at 146.78. The 100-bar MA capped rallies on both Monday and Friday, while the 200-bar MA provided support on Tuesday, Thursday, and again today.As of now, the pair is trading near 147.67, just below the upper boundary of that range. Heading into next week, these moving averages will remain key risk and bias-defining levels.
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USD
JPY
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