USD/JPY technical analysis: Buyers challenging the 110.00 figure

USD/JPY daily chart

USD/JPY is attempting to base above the 109.00 figure.


USD/JPY 4-hour chart


USD/JPY is challenging the 110.00 figure as the market is trading above the 50 SMA.


USD/JPY 30-minute chart

USD/JPY is trading above its main SMAs suggesting bullish momentum in the near term. 
Buyers are challenging 110.06 big resistance. When broken 110.30 and 110.60 can become the next price targets to the upside.
Support is at the 109.80 and the 109.50 price level. A break below 109.00 on a daily closing basis may invalidate the bullish bias.


Additional key levels

 

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