Home USD/JPY Technical Analysis: Has the Dollar topped out near 112.00 resistance against Yen ?

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USD/JPY Technical Analysis: Has the Dollar topped out near 112.00 resistance against Yen ?

FX Street

Updated: 22 Apr. 2019 | 17:22

USD/JPY daily chart

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

USD/JPY 4-hour chart

USD/JPY is stuck near the 112.00 level.

USD/JPY 30-minute chart

USD/JPY is drifting below its 200 SMA suggesting a bearish bias in the short-term.
USD/JPY bulls had their chance but the 112.00/112.20 resistances appear to be impenetrable for now.
The levels to downside near 111.80, 111.50 and 111.30 become exposed to bearish incursions.

Additional key levels

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