USD/JPY: Tries to go back down

The USD/JPY has tried to go back down and maybe visit the 110.00 level, as shown on the daily chart, and which could act as a support. In case the USD/JPY bounces to the upside from the 110.00 zone, then it could be forming a double bottom pattern. But in order for the double pattern to confirm itself, the pair must break above the 112.00 level. Before breaking the 112.00 level, the pair may find some obstacles to overcome like the 111.00 level and the 200 day EMA (blue line). Above the 112.00 level, the 55 day EMA (purple line) may act as a resistance, but a more relevant resistance could be the 114.00 level.