USDJPY technicals: The pair continues to stall the fall at the 200 hour MA. ...Middle East

A decisive break below the 200-hour moving average would shift attention to the 100-hour moving average at 147.349. A move through that level should open the door for increased downside momentum, with the next target at 147.07, yesterday’s low. Breaking below there would expose a broader support zone between 146.61 and 146.729 (see red circles on the chart).

Key Technical Levels (USDJPY):

Current support test: 200-hour MA at 147.536

100-hour MA at 147.349

Wider support zone at 146.61–146.729 two

This article was written by Greg Michalowski at investinglive.com.

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