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  • USD/JPY is trading in a bull trend above its 200-period simple moving average (SMA) ahead of the  US mid-term elections.
  • USD/JPY is trading in a tight range just below 113.55 resistance. Failure to break above the level accompanied by an overbought reading on the Stochastic indicator can lead to a pullback down to 113.00 and 112.50 if the bears have enough fuel.  
  • A break above 113.50 would open the doors to 114.00 figure.

USD/JPY 4-hour chart

Main trend:               Bullish

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

Support 1:    113.00 figure
Support 2:    112.55 September 27 low
Support 3:    112.00-112.17 zone, figure and August 1 swing high
Support 4:    111.00 figure
Support 5:    110.35 September Low
Support 6:    109.75 August low

 
Additional key levels at a glance:

USD/JPY

Overview:
       Last Price:  113.22
       Daily change:  3.0  pips
       Daily change:  0.0265%
       Daily Open:  113.19
Trends:
       Daily SMA20:  112.52
       Daily SMA50:  112.34
       Daily SMA100:  111.7
       Daily SMA200:  109.93
Levels:
       Daily High:  113.34
       Daily Low:  112.56
       Weekly High:  113.4
       Weekly Low:  111.78
       Monthly High:  114.56
       Monthly Low:  111.38
       Daily Fibonacci 38.2%:  113.04
       Daily Fibonacci 61.8%:  112.85
       Daily Pivot Point S1:  112.72
       Daily Pivot Point S2:  112.24
       Daily Pivot Point S3:  111.93
       Daily Pivot Point R1:  113.5
       Daily Pivot Point R2:  113.81
       Daily Pivot Point R3:  114.29