Last week, USDJPY spent much of its time trapped between key moving averages on the 4-hour chart — with the 100-bar MA acting as resistance and the 200-bar MA serving as support. This created a well-defined consolidation zone where traders were waiting for a decisive break to set the next directional bias.
As the new week begins, that breakout has come to the upside. Price has pushed above the 100-bar MA at 147.84, shifting the technical bias in favor of buyers. The key now will be whether momentum can build on this move, opening the door for a run toward higher resistance targets.
In the video above, I break down this setup and walk through why the move above the 100-bar MA signals a shift in control toward the bulls — and what levels to watch if follow-through buying takes hold.
