USD/JPY Technical Analysis: move beyond 200-hour SMA opens room for additional gains

   •  Acceptance above 109.00-109.10 region seems to have triggered some short-covering spike. 
   •  Sustained move beyond 200-hour SMA to pave the way for an extension of the bullish move. 
   •  The US NFP report next key event risk; trade headlines to also play a key role in trading today.

USD/JPY 1-Hourly chart

Spot rate:        109.41
Trend:              Bullish

Support 1:        109.73 (R3 daily pivot-point)
Support 2:        110.00 (psychological round figure mark)
Support 3:        110.21 (200-day SMA)

Resistance 1:   109.10 (daily pivot-point R1 resistance break-point)
Resistance 2:   108.93 (100-hour SMA)
Resistance 3:   108.46 (S1 daily pivot point)