USD/JPY Technical Analysis: Greenback dwindling below 112.00 figure

FX Street

Updated: 6 Mar. 2019 | 14:52

USD/JPY 4-hour chart

The USD/JPY is trading above its main SMAs suggesting bullish momentum in the near term.
The market is trading in a sideways consolidation as bulls will need to break above 112.00 in order to travel towards 112.75 resistance.
As the recent USD strength seems to be overdone a pullback down should not be excluded with 111.55 as key support followed by 110.86 to the downside.

Additional key levels

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