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  • USD/JPY bulls  extend the rally to 114.00 resistance.
  • USD/JPY is finding some resistance at the 114.00 figure while the RSI and Stochastics indicators are in overbought territories. The next target  to the upside is seen near  114.80 (November 2017 high).
  • The 113.66 or 113.18 levels  might act as support if there is a pullback.

USD/JPY 4-hour chart

Spot rate:                 113.96
Relative change:       0.23%      
High:                        114.08
Low:                         113.70

Main trend:               Bullish

Resistance 1:    114.00 figure
Resistance 2:    114.80 November 2017 high
Resistance 3:    115.50 March 10, 2017  

Support 1:    113.65 intraday swing high Sept. 28
Support 2:    113.18, July high  
Support 3:    112.50 figure
Support 4:    112.00-112.17 zone, figure and August 1 swing high
Support 5:    111.84 August 29 swing high