• USD/JPY's in the midst of a runaway reversal of 2020's plunge

• Above the nearby 200-WMA at 109 the focus is on 109.56/85 hurdles

• Those are the 76.4% Fibo of the March-January dive and June's spike EBS high

• With weekly RSIs their most overbought since Dec 2016 pullback risk's rising

• Failure to clear June's high and 110 on the first try might spark a pullback

• The cleared 61.8% and 50% Fibos at 108.23/7.16 would then become supports

• Beyond 110 are 2020's peak & 161.8% Fibo off the 102.60-6.22 base @110.10/23

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