On the 4-hour chart, price action has been confined between two key technical levels:
Later that day, the price dropped to test the 200-bar moving average (currently at 146.725), where it found buying interest and rebounded — a dynamic that has repeated multiple times this week.
Earlier today, the pair retested the rising 200-bar MA for the second time this week and once again found buyers, pushing the price up toward 147.44 — roughly midway between the 200-bar support and 100-bar resistance.
The market is clearly rangebound, with traders respecting the moving average extremes but unwilling to commit beyond them.
Until such a break occurs, expect continued two-way flows and tactical trading within the range.
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This article was written by Greg Michalowski at investinglive.com.Hence then, the article about usdjpy technicals usdjpy remains within the moving average range was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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