USDJPY cracking higher. 200 day MA next stop

USDJPY 200 day MA at 111.485

The USDJPY continues to run higher with the 200 day MA as the next stop on the progression. The pair moved above a cluster of resistance at the 111.27-35 (now risk for bulls). A break above the 200 day MA will next target 111.57.

Drilling down to the 5-minute chart, the pair is testing the topside channel trend line at 111.476. That trend line and the 200 day MA increases the areas importance.