High at 125.04 above. The 100 day MA below
The USDJPY is trading between the 125.04 week high (and highest trading level going back to 2002) on the topside and the 100 hour MA below at the 124.38. These level will be the "lines in the sand" for the pair. A move above the high will look toward 125.20 and then above that it is more open road. On the downside a break of 100 hour MA will next target the 200 hour MA which comes in at 124.00, then 123.73 and 123.48-58.
