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