Again resistance on the USD/JPY?

Earnings season has begun and along with it risk appetite has come back to the markets amid optimism on positive corporate results. The safe haven assets have lost ground due to investors looking for higher returns. That is why the USD/JPY has been rallying for the past two sessions and reaches the 111.39 level from where it has bounced to the downside in the past. If the pair bounces to the downside from the 111.39 level, then it would be forming a double top pattern on that zone. On the other hand, the valleys on the daily chart have been higher than the previous ones, indicating that the bullish pressure is accumulating at the 111.39 level. A breakout above the 111.39 level could take the USD/JPY to the 113.00 level. To the downside, the 110.00 level could act as support along with the 55 and 200 day EMAs just below that level.