USD/JPY daily chart
USD/JPY has been trading in a bear leg below its main simple moving averages (SMAs).
USD/JPY has been consolidating above the 109.00 figure in the last two days
USD/JPY 4-hour chart
USD/JPY is stabilizing above the 109.00 figure.
USD/JPY 30-minute chart
Bulls will have to overcome 109.80 and the 110.06 resistance in order to move up towards 110.30 and 110.60 level.
Support is at 109.50/30 and the 109.00 round number. A break below 109.00 on a daily closing basis would invalidate the bullish scenario.
Additional key levels