The 100 hour MA at 111.76. The worth stays confined in a narro buying and selling vary.
The USDJPY is mired in a 50 pip buying and selling vary this week (low of 111.633 and excessive of 112.131). That’s not so much.
Nonetheless, the sideways has allowed the 100 hour MA to catch as much as the value. That MA ais at 111.761. The present value is testing that MA.
Sometimes, the MA is a barometer for value motion. Keep above, extra bullish. Transfer beneath, is extra bearish. Thus far, the consumers try to maintain the value above the road.
PS. The USDJPY vary is barely 20 pips. The 22 day common is 48 pips. So there’s room to roam.