Also moves above 100 bar MA on 4-hour chart and 61.8% retracement
The USDJPY continued to move higher since the earlier post and reached and moved above the 200 day MA at 110.545. It also reached and moved above the 100 bar MA on the 4-hour chart at 110.573 AND moved above the 61.8% of the move down from the June high (see chart below).
The price is cracking those levels after a brief pause around the levels and shorts are covering more. The next target comes in the 110.80 level (the high from June 9th)