USD/JPY Technical Analysis: Greenback at daily highs against Japanese Yen

USD/JPY daily chart

• USD/JPY is trading below its 100 and 200-day simple moving averages (SMAs) suggesting bearish momentum.

USD/JPY 4-hour chart

• USD/JPY is trading below its main SMAs suggesting a bearish bias in the medium-term.

USD/JPY 30-minute chart

• USD/JPY is trading above its main SMAs suggesting bullish momentum in the short-term.
• The current bull strength can lead to a move up to 111.00 resistance.
• To the downside, support is at 110.40 and 110.85 level.

Additional key levels