• USD/JPY ran into overbought pressures near key hurdles at 107.05/08/16

• August's high and 61.8% Fibo of the June-January slide are at 107.05/08

• The 50% Fibo of the March-January drop is also at 107.16

• Failure to close above 107.08/16 would trigger an overdue correction

• Support's at the 50% Fibo of the Jun-Jan drop and Feb. 17 EBS high at 106.22

• The Feb. 22 high and Feb. 25 and 26 lows at 105.84-85 are secondary support

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