USD/JPY technical analysis: Breaking to 4-day high and nearing 110.00 handle

• Global risk is improving lessening the demand for the safe-haven yen. 
• USD/JPY is reaching the 110.00 figure. 

USD/JPY daily chart

USD/JPY is consolidating at multi-month lows below its main simple moving averages (SMAs).  

USD/JPY 4-hour chart

USD/JPY is approaching the 110.00 level as the market trades above the 50 and 100 SMAs.

USD/JPY 30-minute chart

USD/JPY is breaking away from the range of the last days as bulls overcame 109.75. The next pit-stops to the upside can be at 110.00, 110.40 and 110.60. Support is at 109.75 and 106.60. 

Additional key levels