100 bar MA on 4 hour chart tested

The USDJPY moved to new London/NY session highs and in the process tests the 100 bar MA on the 4-hour chart at 109.06. The high yesterday also tested that MA level but stalled. The MA is also in a swing area that defined swing highs from Jan8 and Jan 9 (at 108.99 to 109.08). A move above the MA is more bullish. Getting and staying above the 109.19, would be even more bullish for the pair.

Stocks are higher and so are US yields. That tends to support the USD and the USDJPY pair, but the technical level gives traders a cause for pause in the up and down market.

PS. the USDJPY has not been above the 100 bar MA on the 4-hour chart since Decemebr 17th.