The USDJPY continues to trade with no clear directional bias, reflecting a choppy and indecisive market — a theme that has defined the entire trading week.
On the 4-hour chart, price action has been confined between two key technical levels:
On Monday, the pair opened just below the 100-bar moving average, tested it early in the session, and encountered sellers leaning against that level.
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.
Yesterday, the pair pushed higher but once again fell short of the 100-bar moving average (now at 147.944) and rotated back lower.
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.
Key Takeaway:
The market is clearly rangebound, with traders respecting the moving average extremes but unwilling to commit beyond them.
A break above 147.944 or below 146.725, supported by momentum, would likely serve as the next catalyst for directional bias.
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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