The 55– and 100-hour simple moving averages have guided the US Dollar up against the Japanese Yen since July 11. The pair has been more stable during the past few days which might point to a possible change in market sentiment.
Technical indicators both on the four-hour time frame and the daily time frame demonstrate that the USD/JPY currency pair is likely to continue moving in the ascending channel within this session.
The nearest barrier that might hinder bulls dominance over the currency exchange rate is located near the 113.36 mark.
