Forex technical analysis: Stops tripped on USDJPY move above the 100 day MA

1st move above the MA level since March 17th

As stocks close for the day, the USDJPY has tripped stocks above the 100 day MA at 113.142. The last time the USDJPY traded above the 100 day MA was back on March 17th.

Today, the price also moved above trend line resistance at 112.89 and the high form last week at 113.04. Earlier in the day the price did dip below the 100 hour MA, but only for less than 15 minutes (and 7 pips below the MA line at the time).