The USDJPY is once again pressing lower, and for the third time today is retesting its 200-hour moving average, now at 147.536. Earlier in the European session, the pair touched this level and bounced. It was tested again in the U.S. morning session, producing another rebound. Now, with a third test underway, traders are watching closely to see if buyers can continue to hold the line.
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).
For now, buyers are holding, but pressure is clearly building — making this a pivotal point for the pair’s short-term direction.
Key Technical Levels (USDJPY):
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Resistance: 147.95–148.166 (swing area), 148.00 (psychological)
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Current support test: 200-hour MA at 147.536
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Next supports:
