As highlighted in this, there are just a few things to note on this day bold Below
They are at 155.00 and 156.00 levels for USD/JPY. So, this way a pair of bookends are established on the price action. But amid today’s rally after yesterday’s daily close above 155.00, buyers are hoping to try to regain some near-term control. The 156.00 level will be interesting as the 100-hour moving average is now at 156.01, before that the 200-hour moving average is at 156.42. Thus, the expiration above adds another layer that needs to be addressed in any other upside extension in the session ahead.
For more information on how to use this data, you can check out this post here.
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