USDJPY breaks above last Friday's highs...

Technical Analysis

Author: Greg Michalowski | usdjpy

New highs for the pair

The USDJPY has just pushed above the high from last Friday at 110.80.  The prior two hourly bars stalled just under that level and moved lower.  The pair is spending more time and moving further away from the 200 day MA, the 100 bar MA on the 4-hour chart and the 61.8% retracement at the 110.54-110.588 level. That is now risk for longs now....