USD/JPY Technical Analysis: Greenback losing some steam below the 112.00 mark
|USD/JPY daily chart
- USD/JPY is testing the 50-day simple moving average.
USD/JPY 4-hour chart
- USD/JPY is challenging the 200 SMA as the market is trading below the 50 and 100 SMA.
USD/JPY 30-minute chart
- USD/JPY is trading below its main SMAs suggesting bearish momentum in the short-term.
- Bears need to break below 111.20 to the downside to reach 111.00, 110.80 support.
- Alternatively, a rebound from 111.20 would meet initial resistance at 111.50/70 and 111.90 level.
Additional key levels
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