USD/JPY Technical Analysis: Greenback back to 111.80 support

USD/JPY daily chart

• USD/JPY has erased yesterday’s gains. 
• The overall picture remains bullish for the currency pair. 

USD/JPY 4-hour chart

• USD/JPY is trading above 111.80 support and the 100 SMA.

USD/JPY 30-minute chart

• USD/JPY would need to break above 111.90 and the 100/200 SMA to move up to 112.05, 112.20 and 112.35 resistances.
• To the downside, support is seen at 111.65 and 111.50 level.