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

 

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