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  • USD/JPY bulls are resuming the main bull trend as they broke above 112.17 (August 1, swing high).  
  • USD/JPY is trading above rising and widening 50, 100 and 200-period simple moving averages suggesting bullish momentum.  
  • The next target for bulls is likely located near 112.50 figure and 113.18, 2018 high  

USD/JPY 4-hour chart  

Spot rate:                 111.36
Relative change:       0.47%      
High:                        112.40
Low:                         111.66

Main trend:               Bullish  

Resistance 1:    112.50 figure
Resistance 2:    113.18, 2018 high
Resistance 3:    114.00 figure

Support 1:    112.00-112.17 zone, figure and August 1, swing high
Support 2:    111.84 August 29 swing high
Support 3:    111.84 August 29 swing high
Support 4:    111.54 August 6, high  
Support 5:    111.45 August 8 high
Support 6:    111.00 figure
Support 7:    110.75, July 23 swing low
Support 8:    110.00 figure
Support 9:    109.37 June 25 low

Expert score

5

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