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