USD/JPY trapped between 146.78-147.90 as MAs define range

USD/JPY continues to consolidate within a tight 112-pip range, currently trading at 147.67, as the pair remains bounded by key moving averages on the 4-hour chart. The 100-bar MA at 147.90 has consistently capped upside attempts on Monday and Friday, while the 200-bar MA at 146.78 provided solid support on Tuesday, Thursday, and again today. This technical pattern suggests indecision among traders as they await fresh catalysts for directional momentum. The pair's inability to break above the 100-bar MA indicates persistent selling pressure at higher levels, while support at the 200-bar MA demonstrates underlying demand. Heading into next week, these moving averages will remain critical levels for determining bias and risk management. A decisive break above 147.90 could target 148.50, while failure below 146.78 might accelerate declines toward 146.00.