USDJPY back up testing the 200 bar MA on the 4-hour chart

The USDJPY is trading back higher and in the process is retesting its 200 bar moving average on the 4- hour chart at 149.772. The price is finding some selling interest against that level. The price is also testing the underside of a broken channel trendline near the area. It would take a move back above the 200-bar moving average to increase the bullish bias from a technical perspective..

Drilling to the hourly chart below, not only is the 200 bar moving average on the 4-hour chart in play but the 200-hour moving average as well at 149.84.That area between 149.77 to 149.84 will be a key barometer for buyers and sellers. Stay below is more bearish. Move above, and traders will target the 150.00 natural resistance and then the 100 bar MA at 150.207.