USDJPY has moved back above intraday technical levels. The surge higher negates the bearish move seen over the last day of trading.
- Above the 100 bar MA on the 5 minute chart above at the 82.11 level
- Above trendline resistance at 82.17
- Above the 200 bar MA (green line at the 82.21 level
- Now above the 61.8% of the move down from the high at 82.35
All have the shorts offside. The next target is being tested against the key 100 hour MA at the 82.41 level and the high for the day at 82.45. This is key technical resistance. There should be sellers against this level. Above that the high from yesterday afternoon at 82.67 become the targets.
