USDJPY 4 HOUR CHartT
From Our Weekly FX Chart Outlook’
Short-Term Trend up but…
Market got its taste of the long forgotten 150+ level but failed to maintain it.
To put 150+ in the rear-view mirror, back below 148.82 would need to be broken.
To suggest this is more than a retracement of the broader 161.93-139.58, moves above the 100 and 200 daily mvas (blue and yellow lines) are needed.