USDJPY remains near highs for the day ...Middle East

During the session, the pair broke above the 100-bar MA at 144.77, but the first attempt failed to gain momentum. However, the next hourly candle pushed through, extending to a new session high of 145.07. Later, some end-of-day consolidation saw price pull back to retest the 100-bar MA, which is currently acting as intraday support at 144.77.

? Support Levels:

144.60 - (broken 38.2% of the May trading range)

? Resistance Levels:

145.373 – 50% Fibonacci retracement of the May trading range (next key upside target)

The technical setup suggests buyers are attempting to maintain control, with the 100-bar MA serving as a critical pivot. A sustained move above 145.373 would add confidence to the upside momentum

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

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