USD/JPY Technical Analysis: Bulls pressuring the daily highs near 111.80 resistance

USD/JPY daily chart

• USD/JPY is trading above 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 SMA suggesting bullish momentum in the short-term.
• Bulls are pressuring the daily highs and they need to break 111.80 to reach 112.00 level.
• Looking down, support can be expected at 111.50 and 111.20 level.

Additional key levels