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USD/JPY daily chart

  • USD/JPY has erased yesterday’s gains.  
  • The overall picture remains bullish for the currency pair.  

USD/JPY 4-hour chart

  • USD/JPY is trading above 111.80 support and the 100 SMA.

USD/JPY 30-minute chart

  • USD/JPY would need to break above 111.90 and the 100/200 SMA to move up to 112.05, 112.20 and 112.35 resistances.
  • To the downside, support is seen at 111.65 and 111.50 level.