USD/JPY Technical Analysis: Greenback falling back down to 112.00 figure

• USD/JPY is trading below its 200-period simple moving average as the bulls didn’t manage to hold the market above 112.55 (September 27 low).  
• USD/JPY is holding just above the 112.00 figure while the RSI and Stochastic indicators have turned below the 50 line suggesting potential weakness in the market.  
• A break below 112.00 would open the doors to 111.84 (August 29 swing high) and 111.00 figure.

USD/JPY 4-hour chart  

Spot rate:                         112.11
Relative change:               -0.46%      
High:                                112.75
Low:                                 112.07

Main trend:               Bullish

Resistance 1:    112.55 September 27 low
Resistance 2:    113.00 figure
Resistance 3:    113.55 October 2 low
Resistance 4:    113.55 October 2 low
Resistance 5:    114.00 figure
Resistance 6:    114.80 November 2017 high
Resistance 7:    115.50 March 10, 2017 high  

Support 1:    112.00-112.17 zone, figure and August 1 swing high
Support 2:    111.84 August 29 swing high
Support 3:    111.00 figure