USD/JPY is trading above the 109.00 handle and the 200-day simple moving average (DMA) on the daily chart. The market is trading at levels not seen since late 2019. The market is trending up as the bulls broke above the 109.46 level. As the market is gaining momentum, the market might be headed towards the 109.92/110.00 resistance zone, according to the Technical Confluences Indicator. USD/JPY is climbing above the main SMAs on the 30-minute chart suggesting a bullish bias in the near term. Support is seen at the 109.47, 109.33 and 109.10 price levels, according to the Technical Confluences Indicator.