USD/JPY Technical Analysis: Choppy as Dollar bulls are sleeping - 112.20 key resistance

USD/JPY daily chart

• USD/JPY is trading above its 200-day simple moving average (SMA).
• The price action this week has been so far choppy but the dominant trend remains bullish.

USD/JPY 4-hour chart

• The level to beat for bulls is 112.20 key resistance.

USD/JPY 30-minute chart

• USD/JPY is trading above its 200 SMA and near a flat 50 and 100 SMA suggesting a bullish bias in the short-term.
• USD/JPY bulls would need a break above 112.20 to travel to 112.50 and 113.00 resistance. 
• To the downside, support is seen at 111.80 and 111.50 level.

Additional key levels