USD/JPY build on its momentum further beyond the key 105.00 psychological mark. Bullish oscillators on hourly charts support prospects for further appreciating move. A sustained move beyond the 105.20-30 area needed to confirm the bullish bias. The USD/JPY pair caught some fresh bids during the early North American session and jumped to one-week tops, around the 105.25 region in the last hour. The pair has now moved back above 200-hour SMA for the first time in nearly two-week, which supports prospects for additional gains. The constructive set-up is reinforced by the fact that oscillators on hourly charts have been gaining positive traction. However, technical indicators on the daily chart are yet to recover from the negative territory and thus, warrant some caution for aggressive bullish traders. This makes it prudent to wait for some strong follow-through buying beyond the 105.20-30 region before positioning for any further appreciating move. A convincing breakthrough should push the pair to the 105.55-60 intermediate resistance en-route the 105.80 region and the 106.00 mark. On the flip side, any pullback towards the key 105.00 psychological mark might now be seen as a buying opportunity and remain limited near the 104.80 area. This is closely followed by 100-hour SMA, around the 104.65 region, which if broken will negate any near-term bullish bias. USD/JPY 1-hourly chart Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: EIA Crude Oil Stocks Change at -1.6 million in week ending September 18 FX Street 2 years USD/JPY build on its momentum further beyond the key 105.00 psychological mark. Bullish oscillators on hourly charts support prospects for further appreciating move. A sustained move beyond the 105.20-30 area needed to confirm the bullish bias. The USD/JPY pair caught some fresh bids during the early North American session and jumped to one-week tops, around the 105.25 region in the last hour. The pair has now moved back above 200-hour SMA for the first time in nearly two-week, which supports prospects for additional gains. The constructive set-up is reinforced by the fact that oscillators on hourly charts have been gaining… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.