USD/JPY Technical Analysis: Another push to the upside is on the cards

USD/JPY daily chart

• USD/JPY is consolidating just below the 111.50 resistance and the 200-day simple moving average (SMA).

USD/JPY 4-hour chart

• USD/JPY is trading above its main SMAs suggesting a bullish bias in the medium-term.

USD/JPY 30-minute chart

• USD/JPY is trading above its main SMAs suggesting a bullish bias in the short-term.
• The key level the beat for bulls is 111.50 resistance. If surpassed the next resistance is seen at the 111.80 and the 112.00 figure.
• Looking down, immediate support is at 111.20 and 110.80 level.

Additional key levels