USD/JPY Technical Analysis: Greenback bulls en route towards 111.00 the figure

USD/JPY daily chart

• USD/JPY is trading below its 100 and 200-day simple moving averages (SMAs) suggesting bearish momentum.

USD/JPY 4-hour chart

• USD/JPY is trading below its 100 and 200 SMAs suggesting a bearish bias in the medium-term.

USD/JPY 30-minute chart

• USD/JPY is trading above its main SMAs suggesting bullish momentum in the short-term.
• The ongoing bull strength should lead to a move up to 111.00 resistance.
• Looking down, support is at 110.40 and 110.85 level.

Additional key levels