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  • USD/JPY is in a strong bull trend.  
  • USD/JPY is finding support near 113.65 (intraday swing high Sept. 28). The bullish bias remains intact as the 50, 100 and 200-period simple moving averages are rising and widening.  
  • The next targets to the upside are seen near 114.80 (November 2017 high) and 115.50 (March 10, 2017 high).

USD/JPY 4-hour chart

Spot rate:                 113.80
Relative change:      -0.12%      
High:                        114.03
Low:                         113.52

Main trend:               Bullish

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

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