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USD/JPY technical analysis: Greenback under pressure below the 110.00 mark

USD/JPY daily chart

USD/JPY is trading in a bear leg below its main simple moving averages (SMAs).

USD/JPY 4-hour chart

USD/JPY is trading down sharply below the 110.00 figure and its main SMAs suggesting a bearish bias in the medium-term.

USD/JPY 30-minute chart

USD/JPY is trading down below its main SMAs suggesting bearish momentum in the short-term.
Bears will need to overcome 109.50 support in order to travel to 109.30 and 109.00 levels.
On the flip side, bulls will try to reach 110.70, 110.00 and 111.30 levels.

 

Additional key levels

 

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