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11 Apr 2019

USD/JPY Technical Analysis: Greenback breaks to daily highs near 111.40 level

USD/JPY daily chart

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

USD/JPY 4-hour chart

  • USD/JPY is approaching 111.40 and the 50 SMA.


USD/JPY 30-minute chart

  • USD/JPY broke above 111.30 resistance and the 200 SMA.
  • The next main resistance is seen at 111.50 level.
  • To the downside, support is seen at 111.30 and 111.00 level.


Additional key levels

 

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