100 bar MA on the 4-hour chart and the high from August 8th
The USDJPY is testing a key level at the 102.649 area. The 200 bar MA on the 4-hour chart is at that level and the high from August 5th is also right at that level. A break above will target the 102.828 (the high for August) but on the first look expect sellers as risk can be defined and limited against the dual resistance target.