USD/JPY Technical Analysis: Greenback quiet near 112.00 figure against Yen

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USD/JPY daily chart

  • USD/JPY is trading above its 200-day simple moving average (SMA).


USD/JPY 4-hour chart

  • USD/JPY will need to break the 112.20 key resistance.

USD/JPY 30-minute chart

  • USD/JPY is trading above its main SMAs suggesting bullish momentum in the short-term.
  • A break of 112.20 is needed to for the market to jump to 112.40 resistance.
  • To the downside, support is seen at 111.80 and 111.50 level.

Additional key levels

 

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