Three up days in a row
The USDJPY made a break away from a trend line on the daily chart at the 110.89 level. That level will now be a risk level. The price just moved to a session high of 111.04. On the daily chart, the 111.39-52 is home to swing levels. That will be a target PS the USDJPY is up for the 3rd day after the test of the 100/200 day MA and 38.2% stalled the fall (after a brief break).
Looking at the 4-hour chart below, the price has also moved above the 100 bar MA on the 4-hour chart at 110.947 and tests the 38.2% of the move down from the July high at 111.07. A move above looks toward the 200 bar MA at 111.33. The 50% is at 111.473. Those are also targets now on more upside.
