USD/JPY Technical Analysis: Bears retaking control of the market as Greenback falls below 113.00 against the Japanese Yen

• USD/JPY is back into the 112.00-113.00 range and back to a more neutral bias as the market is set to close below the key 113.00 level.  
• USD/JPY bears will try to push the currency pair to 112.50 and 112.00. The RSI and MACD are still rather strong but the Stochastic indicator is falling.   All suggesting that bears can have a try at breaking the 200 SMA.  
• On the flip side, bulls will try to break above 113.55 resistance to regain control of the market.  

USD/JPY 4-hour chart

Main trend:               Bullish

Resistance 1:    113.00 figure
Resistance 2:    113.55 October 2 low
Resistance 3:    114.00 figure
Resistance 4:    114.57 October high

Support 1:    112.55 September 27 low
Support 2:    112.00-112.17 zone, figure and August 1 swing high
Support 3:    111.00 figure
Support 4:    110.35 September Low
Support 5:    109.75 August low

Additional key levels at a glance: