USD/JPY Technical Analysis: Greenback climb to daily highs against Yen

USD/JPY daily chart

• USD/JPY is trading in a consolidation below the 200-day simple moving average (SMA).

USD/JPY 4-hour chart

• USD/JPY is trading above its main SMAs suggesting a bullish 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 111.40 resistance. The next hurdle to the upside is then seen at the 111.80 level.
• Looking down, support is at 111.00 and 110.70 level.

Additional key levels