There are almost no changes on the USD/JPY currency exchange rate’s hourly chart. Namely, the pair has traded sideways while being supported by the 55-hour SMA and being restricted from surging by the 100-hour SMA.
However, note that the 100-hour simple moving average was pierced on early morning of Friday’s trading session.
In general, the rate is set to continue trading sideways until it reaches the additional support of the 200-hour SMA and the lower trend line of the medium term ascending pattern.
