USD/JPY Technical Analysis: Mixed reaction on NFP and disappointing wages

USD/JPY daily chart

• USD/JPY is trading above the 200-day simple moving average (SMA).
• Non-Farm Payrolls beat with 196K but wages only 0.1% MoM, USD slides.
• As mentioned yesterday, 111.80 was an important resistance to look at.

USD/JPY 4-hour chart

• USD/JPY is trading above its main SMAs suggesting a bullish bias in the medium-term.

USD/JPY 30-minute chart

• USD/JPY is trading above its main SMA suggesting bullish momentum in the short-term.
• Bulls need to break 111.80 to reach 112.00 level.
• Support is at 111.50 and 111.20 level.

Additional key levels